WASACE submarine cable aims to serve four continents

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.