Emerald Networks Plans $300M Subsea Build

New York to London low-latency route will be the first to offer 100 Gbit/s transatlantic capacity, says vendor

December 2, 2011

1 Min Read

JOHNS CREEK, Ga. -- Emerald Networks, Inc., a subsea cable system owner/operator that provides low latency transatlantic capacity to the wholesale market, today announces that the Group is to install, for completion by the Spring of 2013, the highest capacity, low latency, transatlantic submarine cable system in order to meet the ever increasing high density data requirements between the U.S. and Europe. The Group which already has cornerstone investment from the Wellcome Trust, has recently appointed Jefferies & Company, Inc., the global investment banking firm, to complete a US$300 million fundraise in order to finance the project.

Emerald Networks' submarine cable system is a new-build 5,200 kms network connecting North America to Europe with extraordinary new capacity that will handle current, and more importantly, future demand faster. It will disrupt the aging transatlantic fibre systems and bring a new super information highway across the Atlantic at a transmission rate of 100 Gbps per channel. With an expected latency of less than 62 milliseconds round trip from New York to London, Emerald Express will be one of the fastest networks across the Atlantic. The last of the transatlantic cables were installed back in 2003, as a result transatlantic demand is expected to outstrip capacity by 2015.

Emerald Networks

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