Friday, March 1, 2024
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HomeEconomyInaugurated the second fibre optic link between Gozo and Malta

Inaugurated the second fibre optic link between Gozo and Malta

The Gozo Business Chamber (GBC) positively notes the official launch of the second fibre optic link between Gozo and Malta, and the signing of an agreement between the three telecom operators on the operation of this link. This was a proposal which the Chamber had advocated for a number of years. Seeing this proposal being implemented is an important milestone, which will ensure and secure the development of certain economic sectors on the island.

The importance of this second fibre optic link lies in the fact that it will provide the required redundancy, providing ease of mind to those willing to invest in the digital sector in Gozo. The pandemic has shown the importance of diversifying the Gozitan economy, which is over-reliant on certain economic sectors such as tourism.

The second fibre optic link also complements another important investment, which is the Digital Innovation Hub in Xewkija. To this end the Chamber believes that this second fibre optic link will help to attract companies in the digital sector to set up business in this Hub, creating an eco-system of businesses in this sector, which will also impact positively local economic operators.

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This article provides general information only and does not replace professional advice in any way. It is recommended to consult a qualified professional before making any important decisions regarding financial, legal or other matters. The author and the publication are not responsible for any errors or damages caused by the use of the information contained in this article.

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