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The ElecLink interconnector between France and the UK has successfully transmitted electricity for the first time. This milestone follows the completion of construction earlier in 2021, with electrical tests conducted from August 31 to September 1, 2021. ElecLink aims for commercial commissioning by mid-2022, pending final approvals from security authorities. CEO Steven Moore described the successful tests as a significant achievement, marking the flow of electricity between the two countries.
The new 25-year agreement between Colt Technology Services and Getlink will introduce advanced Dark Fibre and Data services through the Channel Tunnel, enhancing connectivity between the UK and mainland Europe.
This initiative is expected to generate at least €185 million for Getlink, with over a third of this secured within the first five years. The deployment of Colt's IQ Network aims to increase bandwidth capacity, meeting future data traffic demands and improving the reliability of data transfers.
Getlink SE, listed on Euronext Paris under the symbol GET, reported a total of 550,000,000 ordinary shares outstanding as of 31 July 2021. The number of voting rights theoretical, including suspended rights, stands at 727,756,386, while 716,964,221 are exercisable. Each ordinary share has a nominal value of €0.40. The company emphasizes the double voting rights for shares held for two years in registered form, enhancing shareholder engagement and governance.
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