Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Getlink cost to swell 12 million euros from extended ElecLink outage
    Finance

    Getlink Cost to Swell 12 Million Euros From Extended ElecLink Outage

    Published by Uma Rajagopal

    Posted on November 28, 2024

    1 min read

    Last updated: January 28, 2026

    Add as preferred source on Google
    This image illustrates the ongoing suspension of the France-UK electrical interconnector due to cable damage, as reported by Getlink. It highlights the commercial impact on the banking and finance sector until February 2025.
    Image depicting the suspended electrical interconnector between France and the UK - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Brexitfinancial sectorinvestment

    Quick Summary

    (Reuters) – Getlink, which runs the undersea tunnel between France and Britain, said on Wednesday its ElecLink interconnector will be out of service for two more weeks.

    (Reuters) – Getlink, which runs the undersea tunnel between France and Britain, said on Wednesday its ElecLink interconnector will be out of service for two more weeks.

    The cross-channel electric cable is to return to service on December 16, it said, for an extension that will have an additional impact of about 12 million euros ($12.66 million) beyond the 46 million euros it estimated in October.

    “The works to restore the cable outside the Tunnel in France are progressing. However, these works are taking longer than previously envisaged.”, Getlink said in a statement.

    The group said its 2024 target range for earnings before interest, taxes, depreciation, and amortisation (EBITDA) remained unchanged.

    ($1=0.9480 euros)

    (Reporting by Nathan Vifflin in Gdansk; Editing by Clarence Fernandez)

    Frequently Asked Questions about Getlink cost to swell 12 million euros from extended ElecLink outage

    1What is EBITDA?

    EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a financial metric used to evaluate a company's operating performance.

    2What is an outage?

    An outage refers to a period when a service or system is unavailable or not operational, often due to maintenance or technical issues.

    3
    What is the impact of currency fluctuations?

    Currency fluctuations refer to changes in the value of one currency relative to another, which can affect international trade, investments, and the overall economy.

    4What is a financial statement?

    A financial statement is a formal record of the financial activities and position of a business, person, or entity, typically including the balance sheet, income statement, and cash flow statement.

    More from Finance

    Explore more articles in the Finance category

    Image for Italy hopes to receive more gas from Algeria, Meloni says
    Italy Hopes to Receive More Gas From Algeria, Meloni Says
    Image for EU review of France nuclear plan expected to progress swiftly, French official says
    EU Review of France Nuclear Plan Expected to Progress Swiftly, French Official Says
    Image for Soaring costs prompt French farmers to reconsider sowings
    Soaring Costs Prompt French Farmers to Reconsider Sowings
    Image for Greenland independence party wins seat in Danish parliament at key moment
    Greenland Independence Party Wins Seat in Danish Parliament at Key Moment
    Image for Exclusive-At least 40% of Russia's oil export capacity halted, Reuters calculations show
    Exclusive-At Least 40% of Russia's Oil Export Capacity Halted, Reuters Calculations Show
    Image for Hungary's opposition Tisza party widens lead over Orban's Fidesz, poll says
    Hungary's Opposition Tisza Party Widens Lead Over Orban's Fidesz, Poll Says
    Image for Germany's Merz says public finances cannot offset all price rises from Iran war
    Germany's Merz Says Public Finances Cannot Offset All Price Rises From Iran War
    Image for Brazil unveils first supersonic fighter jet assembled in country
    Brazil Unveils First Supersonic Fighter Jet Assembled in Country
    Image for Netanyahu seeks to avoid snap vote as Iran war gives no boost in polls
    Netanyahu Seeks to Avoid Snap Vote as Iran War Gives No Boost in Polls
    Image for Volkswagen's Skoda brand to end China sales this year
    Volkswagen's Skoda Brand to End China Sales This Year
    Image for Climate investors give BP until April 1 to include resolution, threaten court
    Climate Investors Give Bp Until April 1 to Include Resolution, Threaten Court
    Image for Lille to host EU customs authority charged with fixing e-commerce parcel problems
    Lille to Host EU Customs Authority Charged With Fixing E-Commerce Parcel Problems
    View All Finance Posts
    Previous Finance PostHeidelberg Materials Buys US Firm Giant Cement for $600 Million
    Next Finance PostMorning Bid: French Budget and German Prices Grab Spotlight