After the previous collaboration stranded, resources are now put into a new project that is to lay a subsea fiber cable between North America, Asia, Northern Norway and Finland, this time through the Northwest Passage.
Russia begins $889m Polar Express Arctic cable capacitymedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capacitymedia.com Daily Mail and Mail on Sunday newspapers.
The trans-Arctic submarine cable project - Arctic Connect - that has been under planning for several years by Russian operator Megafon and its Finnish partner Cinia has been suspended for further assessment.
MegaFon reconsiders project to lay Arctic Connect fiber-optic line
MOSCOW. May 27 (Interfax) - MegaFon has decided to reconsider the project to lay the Arctic Connect underwater fiber-optic communication line, the Russian mobile service provider told Interfax.
The project involves laying a 10,000-km line with throughput capacity of 200 TBps from Europe to Asia on the bottom of the Arctic Ocean, along the Russian Arctic coast, following the Northern Sea Route. The project, the cost of which was previously estimated at $800 million-$1.2 billion, was supposed to be completely commercial, without government subsidies. We have indeed decided to reconsider the structure and economics of the Arctic Connect project. We will need time to regroup. We have done a huge amount of work since 2019, both at sea and on land. All the developments of the project will be used in future if we decide to continue it. We are now informing our partners and suppliers of our decision, MegaFon said.