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An underwater communication cable in the Mediterranean has been broken off. As the result, the Internet-connections of Egypt has been disturbed.
About 70 percent of the users have lost their access to the Internet as the local telecommunication governmental department reports. Several days will be needed to fix the issue.
The Internet problems have instantly influenced the trades at the Egypt Funds Stock Exchange.
It is incredible... but... the analogical situation has happened in India. They have experienced also a large-scale network problem. The reason is also the damage of the cable that runs through the Indian ocean.
Many local and foreign companies have suffered from the telecommunication issues. |