PTC to launch Africa-1 submarine cable

On 21-02-2025, Pakistan Telecommunication Company (PTC) disclosed the following material information.

In November 2020, the Board of Directors approved an investment of US$ 59.5 million for the Africa-1 submarine cable project. This initiative aims to provide connectivity between the UAE, Europe, and Africa, along with multiple landing stations.

The company began investing in the project annually as part of its CAPEX starting in 2021. By 2025, approximately 75% of the total investment has been completed over four years, with the expectation that the full project cost will be reached within the year. The project is expected to achieve its Ready for Service (RFS) in Q1 2026. Once the RFS is completed, the Africa-1 submarine cable will be fully operational, allowing the company to generate revenue and contribute positively to its top-line growth.

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The groundbreaking celebration for the Africa-1 Submarine Cable is scheduled for February 22, 2025, with landfall at Pakistan Telecommunication Company Limited (PTCL) landing site at Sea View, Karachi, marking a transformative step in enhancing Pakistan’s digital connectivity.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →