A regulated-asset business with a technology margin.
Long-lived physical assets, contracted revenue and a replacement cost that rises every year the corridor stays in the ground.
8.4 years
Contracted revenue horizon
Weighted average remaining term
34 800 km
Assets under operation
Route kilometres in service
38 %
Utilised design capacity
Headroom without new civil works
99.995 %
Availability, trailing 12 months
Backbone, all measured spans
Investment thesis
Duct is the moat. A competitor can buy the same optics and hire the same engineers; they cannot obtain the same right-of-way twice.
Capacity growth is largely a change of optics on assets already in the ground, so incremental revenue does not require incremental excavation.
Contracted terms on dark fibre and government infrastructure run to twenty years, which is a very long time in a technology sector and an ordinary time in an infrastructure one.
Watch a network become a nervous system.
The backbone did not arrive. It accumulated — one river crossing, one regional centre, one border at a time.
2008
- Route kilometres
- 620km
- Design capacity
- 0.040Tbps
2008 — 2012
Foundation
The first trunks between the two largest cities. Everything since has been an extension of a decision made in a trench outside Karaganda.
1 · Nodes in service
Governance
Independent board oversight, audited financial and operational reporting, and published safety performance. Materials for shareholders are issued through the investor relations contact below.
Tell us what you need to build.
A route, a capacity, a deadline, a regulatory constraint. We will tell you what it takes — in engineering terms, before commercial ones.