Telmex, the Mexican wireline subsidiary of America Movil (NYSE: AMX), on Thursday got conditional approval from Mexico's Ministry of Environment and Natural Resources (SEMARNAT) to begin work on the new AMX-1 submarine cable.
The 17,800 km AMX-1 cable system will link seven countries with landing stations in Brazil, the United States, Mexico, Guatemala, Puerto Rico, the Dominican Republic and Colombia.
Cancun will be the network interconnection for the Mexican leg of the cable because of its location as the segment that's closest to Florida.
Similar to other new Latin America-focused submarine cables such as Seabras-1, which will link the U.nited States to Brazil, the AMX-1 is being built to accommodate the 600 percent rise in Mexico's broadband Internet traffic.
In addition to Mexico, the new cable will address the growing traffic demands in North America, The Caribbean America Central and South America.
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