GO plc - Investment Plan

Friday, October 6th, 2017

On 6 October, GO plc issued an announcement explaining that following the investments totalling €240 million during the past decade, the Group plans to investment around €100 million over the next five years to ensure that its infrastructure and systems reflect technological developments and continue to serve the growing demands of the Maltese community and economy.

The investments include the upgrading of its two submarine cables that connect Malta with mainland Europe via Sicily (which are nearing completion). These will more than double their respective data capacity. GO also announced that it is also evaluating the feasibility of creating a new link through an existing submarine cable which currently links Tunis with Marseille. This would further strengthen Malta’s international connectivity by further increasing data capacity as well as the security of supply. It would be the first link that is not entirely dependent on mainland Italy.

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