Thursday Wrap Up On the Subsea Markets
1. Capacity Shortages Abound ... A. Marseille/Singapore route remains tight due to limited SWM5 and AAE1 spare capacity. Impact of Peace Cable is not clear.. B. The 2Africa cable appears delayed a few months and it is a blow to East African ISPs looking for relief from limited capacity and high prices. The 100G prices even on the active Kenya/SA 2Africa segment lie in the $50K to $80K MRC range due to Seacom and Eassy cable depletion. 2. The 100G prices for the NYC and Ashburn Equinix to Fortaleza and Sao Paulo routes range from $7K to $12K per month. 3. A new West African cable is desperately needed to rescue those left behind after the Equiano and 2Africa Raptures: Liberia, Sierra Leone, Guinea, Bissau, Gambia, and others like Cameroon and Angola. I think there is a chance that Cameroon did not join the 2Africa consortium due to objections to the open cable landing stations. 4. Curie cable connecting LA to South America is really expensive. Overpriced. 5. I expect two new Trans-Atla