Pakistan Telecommunication Company Limited (PTCL) announced on Friday that the Africa-1 submarine cable project is expected to be fully operational by 2026. This initiative aims to enhance connectivity between the UAE, Europe, and Africa, featuring multiple landing stations.

In a stock filing, PTCL revealed that the Board of Directors approved an investment of US$ 59.5 million for the Africa-1 submarine cable project in November 2020. The company began its annual investments in the project as part of its capital expenditure (CAPEX) starting in 2021. By 2025, approximately 75 percent of the total investment is projected to be completed over four years, with the expectation that the full project cost will be reached within the year.

The project is anticipated to achieve its Ready for Service (RFS) status in the first quarter of 2026. Once operational, the Africa-1 submarine cable will enable PTCL to start generating revenue from the project, contributing positively to its overall growth.

Additionally, PTCL has scheduled a groundbreaking celebration for the Africa-1 Submarine Cable on February 22, 2025, marking its landfall at the PTCL landing site at Sea View, Karachi.