1. US$300m transatlantic fibre network to arrive on Ireland’s west coast

    siliconrepublic.com (Dec 2 2011)

    1. US$300m transatlantic fibre network to arrive on Ireland’s west coast A major transatlantic fibre optic network will come ashore at Belmullet in Mayo in early 2013 that will link data centres in Ireland and Iceland with the financial capitals of Europe with New York. The subsea network is being built by Emerald Networks, which is raising US$300m to finance the project. The CEO of Emerald Networks Inc, Ray Sembler, told Siliconrepublic.com that a second phase after 2013 is being planned that could connect the network with countries in Southern Europe. The project, which has the potential to create hundreds of jobs in the build phase, could go on to help generate thousands of jobs in next-generation finance and digital media companies in the West of Ireland due to it being the last footfall between Europe and the US. (Read Full Article)

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