Emerald Networks to build U.S. to Europe cable system

Emerald Networks, an emerging subsea cable system owner, plans to build a new transatlantic submarine cable linking U.S. and Europe.

Set to be completed by 2013, the proposed 5,200 km cable system will provide 100 Gbps capacity per channel.

Claiming to have latency of 62 milliseconds round trip between New York and London, the network will be of particular interest to other service providers and financial firms. The network will link Shirley in New York (Long Island) and Belmullet on the west coast of Ireland, with a branching unit to Grindavik, Iceland, providing a connection between the financial markets of New York and London.

Emerald is working with Jefferies & Company to raise the necessary $300 million it needs for the project.

Following emerging projects including WASCE, Pacific Fibre, and the Asia America Gateway, Emerald's proposed network is among several subsea cable systems emerging in the past few years to take shape linking key established markets in Asia Pacific, U.S., Europe, but also emerging markets in Africa and Latin Latin America.

For more:
- Telecompaper has this article

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