Cable & Wireless Bermuda has announced it will invest USD22 million in fibre-optic cable and associated infrastructure over the next two years. CEO Eddie Saints confirmed the investment during the Bermuda International Business Association annual forum in London. The 800-mile-long cable – which has 700 times more capacity than the cable it replaces – is due to be operational by the end of October 2007 and will link Bermuda with the USA and provide access to the Cable & Wireless global network. ‘The new undersea cable will satisfy the growing demand for diverse, reliable high-speed data and broadband services, which cannot be provided by the restricted capacity of the current cable’, said Saints, before adding, ‘This investment will also enable us to provide direct international access to all three diverse fibre-optic cable systems serving Bermuda from our Teleport facility in Devonshire parish on Main Island, benefiting Bermuda’s international business and residential community.’
In a separate but related story, Cable & Wireless said that it is unlikely to proceed with its plans to acquire an interest in KeyTech Ltd because of the considerable uncertainty surrounding the proposed new telecoms regulatory framework.