WASACE submarine cable aims to serve four continents

25 Nov 2011

Multinational start-up WASACE Cable Company Worldwide Holding (WASACE) has launched a project aimed at building a submarine fibre-optic cable network consisting of four segments: a new diverse route connecting Europe to North America (‘WASACE North’), a new route linking South America to Africa (WASACE South, with landing points at Fortaleza, Brazil, and Luanda, Angola), a new diverse route between South America and North America (WASACE America) and a new route connecting Nigeria, Angola and South Africa (WASACE Africa). WASACE, backed by investors on four continents and project-managed by US-based David Ross Group, also says it aims to deploy the first trans-Atlantic 100Gbps undersea route. According to WASACE’s press release, the project will require a total investment of ‘billions of US dollars’ from investors including international private equity firm VIP Must, the African Development Bank, as well as Brazilian and other investors.

Angola, Brazil, Nigeria, South Africa