Canada · U.S. · Bloomberg · Tom's Hardware
Norwegian undersea cable builder pitches 2,800-mile transatlantic data link between Canada and Europe to bypass the US
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A Norwegian company building fiber networks and data centers across Europe is looking for a majority partner to help fund and build a transatlantic undersea cable that would connect Canada with Europe directly, bypassing the United States.
Key facts
- Project Leif Erikson, if it goes ahead, would stretch more than 2,800 miles, starting at the southern tip of Norway and ending up at Happy Valley-Goose Bay in Canada's eastern province
- Canadian Industry Minister Melanie Joy, meanwhile, met with Nærbø earlier this year, and although the department declined to comment on Leif Erikson itself, it told Bloomberg that security
- As for Bulk, it has, up until now, laid more than 6,200 miles of cabling locally and at sea
- Bulk itself has significant Canadian investment, with 65% of the company owned by a real estate subsidiary of Canada's Sun Life Financial Inc., with several Canadian pension funds also invested
Summary
Project Leif Erikson, if it goes ahead, would stretch more than 2,800 miles, starting at the southern tip of Norway and ending up at Happy Valley-Goose Bay in Canada's eastern province of Newfoundland and Labrador. According to Bulk's co-founder, Peder Nærbø, the link would be part of a "sovereign cable system" for Canada. Canadian Industry Minister Melanie Joy, meanwhile, met with Nærbø earlier this year, and although the department declined to comment on Leif Erikson itself, it told Bloomberg that security and resilience for Canada's infrastructure are "key priorities" for PM Mark Carney's government. As for Bulk, it has, up until now, laid more than 6,200 miles of cabling locally and at sea.