Research firm TeleGeography, which closely follows the worldwide submarine cable market, said that economic turmoil has not had much of a negative impact on a multitude of ongoing projects to construct new cables, as up to 16 new cables may be ready to be activated this year. That would make 2009 the most active year in the last decade for new cable launches.
More than $2 billion is being spent on undersea cables this year, TeleGeography said, with more than $3 billion to come next year. That harkens back to the beginning of this decade when submarine cable projects were rampant, except now, there is a rapidly growing demand for bandwidth driving the business, and the cables are much less expensive to build.
- Network World has this report
The Trans-Pacific Express cable was activated last year
The EIG cable project began last year