A fiber-optic cable is to be launched around Africa that will connect Africa, South America, North America and Europe due to the vast growth of high bandwidth business and consumer traffic. The WASCE is the largest project in the Atlantic Ocean. The total length of fiber used in the project is seven times that of the circumference of the Earth. Touching end-to-end, the fibers would reach three quarters of the way to the moon. The routes will connect Africa directly to North America as well as South America. Although there has been no exact estimate, the project is expected to cost billions of dollars from investors in all four continents, including international private equity investment from VIP Must, the African Development Bank, and numerous Brazilian investors. The project is the first trans-Atlantic system to use the next generation “100G” technology with ten times the capacity of previous systems. WASACE Cable Company Worldwide Holding is heading the project; a multinational company spearheaded by CEO Ramon Gil-Roldan of Spain. The project development will be managed by the David Ross Group, represented by CEO David Ross of the US. According to TeleGeography, service providers lit 10 new submarine cable systems in 2010, and 14 new cables will be completed by the end of this year followed by 11 more in 2012. The goal of the undersea cable project is to provide reliable, affordable Internet connection to rapidly growing markets in Africa and Latin America to major markets in North America and Europe. The project will also include the first ever high capacity cable reaching into the South Atlantic. WASCASE Cable Company Worldwide holding was originally formed to meet the increasing needs of the developing markets in the Global South. BM ShortURL: http://goo.gl/jP5vr Tags: Cable, Connection, Internet Section: Tech
