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Cinia, MegaFon to create JV for building Arctic telecom cable

Thursday 6 June 2019 | 13:23 CET | News
Cinia and MegaFon entered into a memorandum of understanding (MoU) to set up a joint venture to prepare the build of a submarine telecommunications cable across the Arctic Sea. The international project will create a completely new route to connect continents and also to fulfill connectivity requirements of the Arctic region. The Cinia alliance in this phase consists of Japanese and Nordic partners and an international investment bank. The main objective of the MoU is to establish the Development Company by Q4.

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Categories: Fixed
Companies: Cinia / MegaFon
Countries: Russian Federation / World
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