Equitix, Europe's leading small to mid-market infrastructure investor; MDM, an Irish developer of subsea cable systems; and Orange, one of the world's leading telecommunications operators and digital service providers, are pleased to announce the formation of a joint venture to deliver the Pisces project, a new subsea cable establishing a direct digital connection between Ireland and continental Europe. Carine Romanetti, a recognized subsea expert has been appointed CEO of the PISCES Cable System Limited Joint Venture.
Stretching approximately 3,125 km, the Pisces cable with its 16 fiber pairs will connect Galway (Ireland), Saint-Hilaire-de-Riez (France), Sopelana (Spain) where a new landing station will be built by Orange and Carcavelos (Portugal). It aims to fulfil Ireland's digital connectivity ambitions and support the objectives of the European Union's Digital Global Gateway Strategy. The project benefits from significant funding support through the EU's Connecting Europe Facility (CEF).
The Pisces system seeks to address the lack of direct connectivity between Ireland and mainland Europe by providing a high-capacity, open-access and scalable dark fiber strategic link from Ireland's west coast directly to France, Spain and Portugal. Ireland is a major European cloud and datacenter hub for many players including hyperscalers and AI actors. Pisces will therefore enable direct traffic interconnection across datacenters and continental Europe. By increasing capacity and diversifying routes, Pisces will strengthen the resilience of Ireland's digital infrastructure and its links with European and global networks. This cable will interconnect with existing transatlantic and international systems, enhancing integration of European networks with global partners.
The marine survey for the route, conducted by Elettra Tlc and Orange Marine, subsidiaries of Orange was completed in August. Engineering and permitting processes are now underway. Deployment preparations are progressing, with the cable expected to be deployed during 2028.
"As Europe accelerates its AI ambitions, subsea infrastructure along the Atlantic coast becomes more critical than ever. At Orange, we are convinced that building trusted, high-capacity routes in partnership with like-minded stakeholders is the backbone of Europe's AI-driven future. Pisces reflects this commitment, connecting Ireland, France, Spain and Portugal to reinforce trust across the continent while powering the AI highways that will support sustainable, inclusive growth for generations to come." Valérie Cussac, CEO Orange Wholesale International
"Delivering the connectivity Europe needs will require sustained investment in critical digital infrastructure. Pisces is a strong example of what can be achieved by working in partnership across Europe to turn that ambition into reality, strengthening resilience and supporting the continent's future growth and success." Achal Bhuwania, Chief Investment Officer at Equitix
"Pisces reflects years of hard work and close collaboration with Orange and Equitix, underpinned by a shared commitment to engineering excellence. With the support of the European Union, we are proud to see that collective effort bring the project to this important milestone. We look forward to delivering a cable system that will strengthen Ireland's connections with continental Europe for decades to come.", Tom McMahon, Managing Director, MDM
"I am delighted to take on the role of CEO of PISCES Cable System Ltd at such an important stage in the project's development. With the support of our shareholders and co-funding from the European Union, Pisces represents a unique opportunity to strengthen Europe's digital connectivity and resilience through critical subsea infrastructure. My priority will be to build on the strong foundations already established, secure the next key milestones and lead the project into its delivery phase" Carine Romanetti, CEO of PISCES Cable System Ltd.
This investment is being made through Equitix Infra Ireland, the firm's dedicated Irish greenfield infrastructure fund, which is backed by anchor investor the Ireland Strategic Investment Fund (ISIF), alongside Equitix, Orange and MDM.
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