According to Khaled Sherif, Deputy to the CIT Minister and Telecom Egypt (TE) [ETEL.CA] board member, the company is planning to invest in a submarine cable or submarine cable related project every two years. Sherif added that it has established a company in Singapore to expand in this segment and leverage Egypt’s location to connect South East Asia to Europe. This “cable” company is the second one TE established after TE France, which was established several years ago to manage the TE North submarine cable. (Amwal Al Ghad)   Telecom Egypt: EGP6.27 as of 14 February 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,367 million, ETEL EY / ETEL.CA