4iG Public Limited Company (4iG) announced non-binding Memorandum of Understanding was signed between 4iG and the Albanian Government for the construction of a new submarine high-capacity data cable link between Egypt and Albania, opening a new data gateway to Europe. Following the signing of the non-binding Term Sheet with Telecom Egypt in Budapest on 1 February, the Albanian Government on February 5, 2024 also expressed its commitment to the investment in the intercontinental submarine data cable system between Egypt and Albania. The planned submarine cable system will open a new data gateway to Europe and will provide an alternative route to the existing Mediterranean data links.

The Albanian end point of the cable system could provide the shortest route to Frankfurt and other important international traffic destinations in Eastern and Central Europe and the Balkans, such as Belgrade, Sofia, Vienna and Budapest.