Slow Internet Connection? You Are Not Alone & Fix Will Take ~25 Days

On 27 March, BBC reported that three divers were arrested from the coast of Alexandria who were trying to cut the undersea Internet cable. Further information is not yet available and it's unclear whether the incident is linked to the cables that got damaged. SEACOM, the African telecom company says that the cause of damage is likely to be something else and they're continuing to investigate the issue.
Most of the data and voice communication (~90%) is done through the undersea cables that span several thousand kilometers. The SMW4 cable, for example is 18,800 kilometres in length. The rest of the communication is routed through satellites. India has connected to these undersea cables through a number of ports including Mumbai and Chennai and also has an array of satellites (six apart from INSAT series). This allows the Internet traffic to be routed through other channels and minimise the impact.

Indian telecom companies viz. Airtel, Tata Communications, Reliance and BSNL are involved in the maintenance and operations of these undersea cables. Airtel said in a statement that the voice traffic has been normalised and data services are being worked on by routing the data-traffic through alternate routes. Tata Communications, which is the network administrator of the SMW4 and IMEWE cables has confirmed that the SMW4 cable has been cut.
The maintenance work is in progress, but likely to take few more days. We hope the issue gets fixed and we get back to our regular Internet connection speeds.
Update (2 April 2013) : SECOM has restored the connection. Check the official note from the company below -
SEACOM has completed the process of connecting all customers requiring restoration back into service on the SEACOMcable system link that was cut between Egypt and Europe. All of these services have returned to normal as of 11:47 GMT.
In addition to restoring its own customers, SEACOM has also been able to provide restoration for customers on other East Africa cable systems impacted by the recent cuts.
"SEACOM is pleased to have been able to restore all services for our customers.
We apologise again for the impact these multiple cable cuts have caused over the past 8 days. The work done by the SEACOM team has been outstanding. They have worked around the clock with our global partners to achieve a massive manual restoration task at a time of much disruption in regional cable systems" said Mark Simpson, SEACOM CEO.