Canada Plans to Build Undersea Internet Cable bypassing US

Canadian authorities are studying the possibility of financing and building a transatlantic submarine cable that will provide direct communication with Europe, bypassing the United States. The cost of the project is estimated at more than $620 million, according to Bloomberg.

The 4,500 km long line is expected to connect Canada with Norway. The project was initiated by the Norwegian company Bulk, specializing in the construction of underwater cable systems.

About 65% of Bulk is owned by a subsidiary of the Canadian financial company Sun Life Financial. Several Canadian pension funds are also investing in the project. The idea of building the cable was presented at a global investor summit organized by the Government of Canada in September.

According to Bloomberg, Canada and the European Union will have to agree on the project and its proposed route. The first step is a joint statement scheduled for October 29 in Montreal. The parties intend to outline plans to develop digital links between Europe, Canada and Asia through new underwater infrastructure.

Currently, Canada and other countries are connected by several submarine cables passing through the United States. None of them belong to Canadian businesses. The largest of these lines, Topaz, owned by Alphabet, the parent company of Google, links Canada with Japan.

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