Korda Networks to launch on 1 September

Reykjavík 1 September 2026

Korda Networks will formally begin operations on September 1st 2026 as a telecommunications infrastructure company. The company is formed through the merger of Farice ehf. with the critical communication operations of Neyðarlínan ohf. and Öryggisfjarskipti ohf., a transaction announced in December 2025. Korda Networks will be wholly owned by the Icelandic state.

Korda Networks will operate Iceland’s submarine telecommunications cables FARICE-1, DANICE and ÍRIS, connecting Iceland with Europe. Preparations are also under way for AUÐUR, a new submarine cable between southern Iceland and Scotland, which is expected to enter service in 2030.

The company will continue to serve international carriers, data centre customers, telecommunications providers and other organisations that rely on secure and reliable connectivity to and from Iceland. Korda Networks will also provide critical communications services to customers in Iceland.

The merger brings together critical telecommunication and international carrier service, specialist expertise and operational capabilities in one company. Its purpose is to strengthen service resilience, operational security and long-term investment in Iceland’s international and domestic critical telecommunications systems.

“With Korda Networks, we are creating a strong telecommunication company with a clear role: to ensure secure, reliable and high-capacity communications for customers required critical communications and international capacity services. For our international customers, the change means continuity of service, stronger operational capabilities and a continued focus on resilient connectivity between Iceland and global markets,” says Þorvarður Sveinsson, CEO of Farice and incoming CEO of Korda Networks.

Further information:

Þorvarður Sveinsson, CEO of Korda Networks
Sími: +354 585 9700
Email: vardi@korda.is