The buildout of the second transatlantic cable system since the bubble is about to commence. AquaComms said this morning that TE Subcom is now loading the rolls of fiber onto the cable-laying ship Reliance up in New Hampshire.
AEConnect is scheduled to be ready for service in ‘late December 2015’, which is now less than 5 months away. It will connect Long Island with the northwest coast of Ireland. From Ireland, it will connect to CeltixConnect and thus reach over to England and down to London from there.
AEConnect was announced in April, saw the financing ready in May, and will have ships in the water in August. While the underlying project has taken many years and several reincarnations to get this far, they are now clearly wasting no time at all. They have $130M in pre-sales to date, with Microsoft and CenturyLink on the customer lists.
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