EC Supports New Europe – South America Subsea Link

Telebras of Brazil and Islalink of Spain, have signed a EULALINK Joint Venture agreement to build a new submarine optical fibre cable between Europe and Latin America.

The subsea cable, which should be complete in early 2018, will link Lisbon (Portugal) with Fortaleza (Brazil). This initiative should bring the 2 continents closer and boost education, research and innovation as well as business exchanges.

Furthermore, it should reduce connection costs and provide many more households, organisations and companies with a very high-speed Internet connection.

According to reports, 45 percent interest in the project will be held by IslaLink, 35 percent by Telebras while a further Brazilian shareholder will put up the remainder.

The European Commission (EC) will invest around €25 million in the new fibre-optic infrastructure via the Building Europe Link to Latin America (BELLA) project.

BELLA is composed of 12 European and Latin American Research and Education Networks: RedCLARA (the Latin American regional network), GEANT (the European regional network), and the networks from Brazil, Colombia, Ecuador, Peru, Chile, Portugal, Spain, France, Italy and Germany.

 

Share this article

Follow Subsea World News

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SPE/IADC Middle East Drilling Technology Conference and Exhibition

The theme for this conference is “Building on Today’s Efficiencies for Tomorrow’s Market.” This will be the basis for the technical agenda…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >

HYPACK 2018

This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >