31 October 18

South Korea’s KT to establish ICT infrastructure in Suez Canal

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Suez, Egypt – October , 2018 – South Korean telecoms company KT Corporation (formerly Korea Telecom) plans to establish an information and communications technology (ICT) infrastructure in the Suez Canal economic zone.

KT signed a memorandum of understanding with Giga Global Telecom & Technology (GGTT), a multinational telecom and information technology company headquartered in Zurich, to cooperate in the establishment of ICT-based smart infrastructure on Egypt’s Suez Canal.

“KT’s global presence will be improved if the smart infrastructure is built on Suez Canal, based on KT’s superior innovation technology and know-how to upgrade Egypt’s ICT competitiveness,” CEO Hwang Chang-gyu said.

Source: Portseurope