With a 30-year operational outlook, the company revealed that the €100 million Barracuda Project will generate revenue through long-term contracts for fibre pairs, wavelength services and data centre operations.
As a result, the company aims to enhance digital connectivity in the Mediterranean by integrating submarine infrastructure with a new cable landing station (CLS) and an edge data centre.
The project is scheduled for completion in early 2028, featuring a 1,070 km subsea fibre-optic cable linking Valencia with Genoa, providing direct connectivity to major European destinations.
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The cable will have 12 fibre pairs, each delivering 32 Tbps capacity.
Meanwhile, the facility will incorporate a 250 kWp solar power plant and meet Tier IV-equivalent standards for redundancy and reliability.
Teset Capital partner, José Arango, said: "Through this strategic investment, Teset Capital reaffirms its commitment to developing state-of-the-art, sustainable telecommunications infrastructure.
“This is especially important at a time when the growing development of cloud services, artificial intelligence, and the rollout of 5G networks are increasingly demanding high-speed, low-latency data transmission."
Valencia Digital Port Connect CEO, Enrique Martín Gullón, added: "The Barracuda Project will strengthen the region’s digital infrastructure, boost the local economy, and provide high-speed connectivity to businesses and institutions.
“We are responding to the demands of a world increasingly focused on data, and we are confident that it will have a positive impact on the necessary economic recovery of Valencia following the aftermath of the DANA storm."
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