Vodafone and Neqsol Holding to Build €100 Million Submarine Cable Connecting Bulgaria, Georgia, Ukraine, and Turkey
DATA AND AI INFRASTRUCTURE
Vodafone and Neqsol Holding are investing over €100 million in the Kardesa project, a submarine cable system that will connect Bulgaria, Georgia, Ukraine, and Turkey as part of the 'Digital Silk Road.' Set to begin in 2027, the project aims to enhance data transmission speeds, attract foreign investment, and ensure economic security by avoiding conflict zones. The initiative is expected to generate transit revenue for countries like Azerbaijan and Georgia while establishing data centers in strategic locations.

Jan 30, 2026, 6:21 AM