US firm TCC plans fibre-optic cable consortium for region

12 Jul 2004

US cable company Trans-Caribbean Cable (TCC) is looking to construct a fibre-optic ring in the Caribbean basin through a minimum investment of USD20 million, but rising to a possible USD100 million. According to the company’s president Brian Crawford, TCC has developed a so-called ‘virtual consortium model’ which will combine traditional cable consortium methodology with a carrier-to-carrier model, and in the process use a combination of purchasing, building and managing cable systems to provide the new network. Under the plan, all the carriers wishing to use the system will provide their own funding and jointly own the networks, with the initial aim being to utilise existing infrastructure wherever possible to maximise efficiency on the assets they already own. Mr Crawford went of to say that 14 companies have signed a memorandum of understanding with TCC, which it hopes to close in August, by which time it expects to have signed up between 30 to 40 participants.