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Showing posts with the label funding.

MDM Announced Two New Trans-Atlantic Cables Linking The US To Ireland: Narwhal1 & Narwhal2

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An Irish company, MDM, whose founding members have done a lot of design work for hyperscalers, has announced it is building two Trans-Atlantic cables in addition to its Pisces project that will connect Ireland to Europe. The estimated construction cost is $500 million. The network is a classic dual ring design where the Northern cable lands at Galway and on Long Island. Now there are several Long Island cable landing stations and MDM already operates one in Galway. So MDM may use these existing facilities for its project. In contrast, the Southern cable is expected to land at a new CLS on Ireland's South Coast. On the US side it will land in New Jersey where it will probably use the existing Wall Township CLS. I have concerns about this project because there is nothing to indicate it is fully funded. In fact, the last carrier financed and led project across the Atlantic was Aquacomms' AEC-1 cable that went live in 2016. EXA recently purchased Aquacomms and all its Atlantic ass...