(Can you pack any more technology terms into that title?)
PrimeTel is building a new, independent, privately owned Submarine landing station in Yeroskipos, Cyprus as per the global specifications of Reliance Globalcom. It aims to gain access to new international cables and capacity, and has secured 5Gbps of capacity globally with an option for further upgrades in the future. The project is expected to be completed by 2009.
This sounds very cool, and I hope that the project will be completed on time and that we all, broadband users, will benefit from it. (Not that it will stop any of the local forums whining about Cyprus connectivity options or anything.)