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New Euro Subsea Action

7:00 AM -- It might be cold at the bottom of the deep blue sea, but the submarine cable sector sure is hot. This week has seen yet another subsea cable project announced, this time stretching from the U.K., via the Mediterranean and the Middle East, and on to India. (See Telcos Plan UK/India Cable.)

The 15,000-kilometer cable, being financed by 16 carriers (check out the press release to see who's involved), is set to cost about $700 million, provide up to 3.84 Tbit/s of capacity, and be operational by the middle of 2010. (See Verizon Business Goes Subsea.)

Alcatel-Lucent (NYSE: ALU) and Tyco Telecommunications have been awarded contracts to build the new network. AlcaLu noted in its first quarter results that the submarine sector is driving growth in its optical division. (See AlcaLu Posts Loss, Warns on Full Year.)

Here's a taste of some of the other recent subsea cable action:

  • Tyco Wins Main One
  • Telstra Readies Submarine Cable
  • Japan-US Cable Upgraded
  • AT&T, NTT Join Subsea Consortium
  • PC-1 Upgrade Complete
  • Fujitsu Upgrades Subsea Link
  • AlcaLu Lands SMW4 Deal

    — Ray Le Maistre, International News Editor, Light Reading

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