[December 06, 2011] Emerald Networks to Install Transatlantic Submarine cable system Tweet Dec 07, 2011 (Close-Up Media via COMTEX) -- Emerald Networks, a subsea cable system owner/operator, announced that the Group is to install, for completion by the Spring of 2013, a low latency, transatlantic submarine cable system. In a release, Ray Sembler, CEO of Emerald Networks, said: "This is an extremely exciting time and we believe we are well placed to execute our strategy. We expect to be ready for service by Spring 2013 with the largest, low latency submarine fibre optic cable the industry has seen. TE SubCom, the undersea cable system supplier has commenced operations and we look forward to their successful completion of the project. "Their experience in building quality subsea cable systems is readily known and the fact that they are a US-based turnkey supplier makes them an ideal provider for the Emerald Express system. AP Telecom, our agent reseller, has already successfully commenced pre-sales activity with agreements to be signed imminently. Strong relationships have been built with the governments of Iceland and Ireland, who are fully supportive of our plans as they recognise the inward investment that the subsea cable will bring. And finally, Emerald Networks has engaged Jefferies, a world-class investment bank to raise the necessary capital for the successful completion of the system. "With the last transatlantic cable systems installed back in 2003 coupled with the increasing levels of demand for higher density data transfer, customers are seeking the security of a system which can replace their capacity needs on a longer lease basis. We firmly believe that Emerald Networks provides the solution to this issue and our system will transform transatlantic communications, providing both low-latency and ultra-high bandwidth capacity between the US and the UK, through advanced submarine fibre optic cable and delivering an unparalleled service." The route will span the Atlantic from Shirley, New York, to Belmullet, Ireland, and will include a bi-directional branch leg into Grindavik, Iceland providing connectivity from Iceland to both New York and London. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]