One of those big Atlantic submarine cable projects we've heard about in the last six months is getting closer to reality. The WASACE Cable Company said yesterday that it has begun the procurement process, aiming to select a cable system supplier for the actual construction of its very ambitious three leg, four continent 100G plans.
Additionally, the company posted a new map with much more detail of what they have in mind. The main WASACE Americas leg would connect Miami with Fortaleza and on to Sao Paolo, with a branch to Panama and Colombia. In the North Atlantic, the WASACE Europe leg would take a more southerly route than most from San Sebastian, Spain to Virginia Beach, and on south to Miami. And WASACE Africa would connect Fortaleza with Lagos, Luanda, and Cape Town.
David Ross Group is leading the development and administering the procurement process. Four major suppliers have been invited, and they hope to select one by July. The Americas and African portions would be targeted to go live in 2014 in time for the World Cup, with the European leg coming coming later.
But one has to assume that finding the funding for this project will be the bottleneck, because this isn't going to be cheap and there are several other related projects in the works. Aterios Capital is acting as financial advisor to help with that side of things.
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