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LONDON - PLUG Group Ltd has successfully completed a pilot copper cable extraction program for Telefonica Brazil (Vivo), according to a statement released by Global Connectivity Plc (AQSE:GCON) on Wednesday.
The pilot project involved recovering decommissioned 2400-pair copper cables in São Paulo using PLUG’s proprietary technology designed to extract buried telecommunications cables in situations where conventional methods have proven ineffective.
Following the successful pilot, PLUG has been added to Telefonica’s preferred supplier list for copper cable extraction services both in Brazil and globally. The company is now conducting a fundraising round, offering 50,000 new ordinary shares at £21 per share, to support the deployment of full-time operations in Brazil. The first two operational teams are expected to be in place by the end of 2025.
PLUG Group specializes in the extraction and monetization of decommissioned copper cables from legacy telecom networks, using IP-backed solutions that enable cable recovery without excavation.
Global Connectivity currently holds 87,500 ordinary shares in PLUG, representing 7.0% of the issued share capital. The company invested £175,000 in PLUG between December 2024 and April 2025. As a strategic investor, Global Connectivity maintains board representation through Dr. Keith Harris, who serves as Non-Executive Chairman of PLUG.
The information was disclosed in a press release statement from Global Connectivity Plc, which trades on the Aquis Stock Exchange under the ticker GCON.
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