Primetel awaits 5Gbps cable line for faster Internet in Cyprus

Primetel Plc (PTL) announced that it has entered into a contractual agreement with Reliance Globalcom, which owns and manages a private underwater cable system of optical fibres. The agreement holds for the use of the latter’s network in order to provide access to the Company to other international networks based on an alternative-independent infrastructure. With the arrival of the cable in Cyprus, the Company secures access and acquires capacity of 5Gbps (32 STM-1) in the cable system, with the ability for further upgrading with favourable terms, which will give it the opportunity to offer faster internet at lower prices.