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Hibernia Networks is completing its project for a new 4,600km low latency submarine cable route connecting Halifax, Nova Scotia to London, England and Cork, Ireland.

Ready for service in September 2015, the highly scalable Hibernia Express cable will yield in excess of 10Tbps per fiber pair, which is nearly triple the capacity delivered on current transatlantic systems, the company wrote.

Conor Healy, CEO of Cork Chamber, commenting on this announcement, stated, “The addition of such a significant piece of enabling infrastructure to the region will add a vital new resource to our already strong multi-national sector working to enhance and facilitate further growth in the coming years, in addition to opening the region up to new sectors operating in cloud-based technologies and data centre provision. The provision of Tier 1 international fibre connectivity from Cork has been a major priority of the Chamber and we are delighted to welcome this infrastructural announcement, which will further consolidate and strengthen both the region’s and Ireland’s reputation as a prime location for growth and investment.”

Welcoming the announcement, Minister for Agriculture, Food and Marine, Simon Coveney, said, “This is a very positive development for Cork and for the wider economy. The significant improvement in connectivity that this project will deliver will enhance the Cork region’s reputation and capacity for investment as well as strategically positioning Ireland generally as a leader in telecommunications with high speed international connectivity.”

Hibernia Networks provided Ireland with the country’s first direct network connecting North America five years ago.

“Hibernia Express is the latest milestone in the company’s commitment to bringing the most advanced telecommunications infrastructure to Ireland,” states Bjarni Thorvardarson, CEO of Hibernia Networks. “The new low latency cable provides the international connectivity it needs to support the big data and cloud applications that are driving the transformation of telecommunications globally, enabling businesses to operate more efficiently and competitively.”