Colt and Getlink Sign Exclusive Agreement to Install and Operate a New Fibre Optic Network Through the Channel Tunnel
01 Settembre 2021 - 8:00AM
Business Wire
The agreement will bring new Dark Fibre and
Data services to the Channel Tunnel for the first time in a
generation, deploying the latest connectivity technology between
the UK and mainland Europe
Regulatory News:
Colt Technology Services and Getlink (Paris:GET) have today
announced a 25-year contract, which will see Colt install its IQ
Network through the Channel Tunnel, allowing a transfer capacity of
several Terabits per second per fibre pair.
This agreement will generate a minimum of €185m over the period
for Getlink, with more than a third secured over the first five
years. Colt will carry out the installation and entire operation of
the IQ Network in accordance with the Channel Tunnel’s safety and
security regulations, while Getlink will be responsible for
maintenance. Colt will fully commercialise Getlink’s Channel Tunnel
optic fibre and increase Getlink’s internal telecoms capacity – a
unique subsea infrastructure and connectivity route that has never
seen downtime.
The quality of the asset will allow the customers to benefit
from span diversity.
The Colt IQ Network is a 100Gbps optimised, high bandwidth and
low latency network that connects over 900 data centres and over
29,000 on net buildings globally.
The contracts for dark fibre installed in the Tunnel in 1998
will progressively expire until 2025, and Colt will take over their
operation. The significant increase in bandwidth between the UK and
mainland Europe will help meet the high growth in data traffic
expected by 2025, making the Channel Tunnel a vital link not only
for passengers and goods but also for data.
Yann Leriche, Chief Executive Officer of Getlink, stated:
“The strategic location and the reliability offered by the Tunnel
make our infrastructure very attractive for high-tech developments
such as fibre optics. We are happy to once again leverage the
Channel Tunnel asset to create the most value for our
shareholders.”
Keri Gilder, Chief Executive Officer of Colt, stated:
“Colt is thrilled to have entered this strategic agreement with
Getlink. There is a growing demand for bandwidth between the UK and
mainland Europe, which will only increase in the coming years. By
running our IQ Network through the Channel Tunnel, Colt customers
will benefit from reliable, low latency, high bandwidth
connectivity with the option of full diversity across the entire
Tunnel span.
The future potential of the Tunnel connectivity is significant,
and it’s an exciting time for the wider telco industry as we
continue to leverage the power of relationships to drive digital
transformation and move towards the digital future.”
About Getlink
Getlink SE (Euronext Paris) manages, through its subsidiary
Eurotunnel, the infrastructure of the Channel Tunnel and operates
truck and passenger Shuttle Services (cars and coaches) between
Folkestone (UK) and Calais (France). Eurotunnel is the concession
holder and operator of the Channel Tunnel, the fastest, most
reliable, easiest and most environmentally friendly way across the
English Channel until 2086. In 26 years, more than 460 million
people and more than 90 million vehicles have travelled through the
Channel Tunnel. This unique land link has become a vital link
between the continent and the United Kingdom. Getlink also offers a
rail freight business through its subsidiary Europorte, which
offers a wide range of integrated rail services, as well as an
electrical interconnection through its subsidiary ElecLink.
https://www.getlinkgroup.com
About Colt
Colt strives to transform the way the world works through the
power of connectivity – taking what’s always been in its DNA to
enable customers’ success. The Colt IQ Network connects more than
900+ data centres and over 29,000 on net buildings across Europe,
Asia and North America’s largest business hubs.
Colt understands today’s shifting connectivity requirements and
provides agile, on-demand and secure high bandwidth networking and
voice solutions to ensure enterprises can thrive. Customers include
data-intensive organisations spanning over 210 cities in more than
30 countries. Colt is a recognised innovator and pioneer in
Software Defined Networks (SDN) and Network Function Virtualisation
(NFV). Privately owned, Colt is one of the most financially sound
companies in the sector, and because of this, it’s able to put its
customers’ needs at its core. For more information, please visit
https://www.colt.net/
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version on businesswire.com: https://www.businesswire.com/news/home/20210831005888/en/
Getlink: For UK media
enquiries contact John Keefe on + 44 (0) 1303 284491
Email: press@getlinkgroup.com For investor enquiries contact
Jean-Baptiste Roussille on +33 (0)1 40 98 04 81 Email:
jean-baptiste.roussille@getlinkgroup.com For other media
enquiries contact Anne-Laure Desclèves on +33(0)1 4098 0467
Michael Schuller on +44 (0) 1303 288749 Email:
Michael.schuller@getlinkgroup.com Colt: Nola Pocock on +44 (0) 7917714377 Email:
nola.pocock@colt.net
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