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Broadband

GigNet to acquire assets of forthcoming Florida to Cancun subsea cable

Thursday 1 April 2021 | 14:23 CET | News
US firm GigNet said it has entered into a Letter of Intent to acquire the assets, operations and development to date for a subsea cable system between Florida and Cancun, Mexico, from FB Submarine. The GigNet-1 subsea cable system has been in development for the past two years and is expected to be completed in 2022. It will be the first competitive subsea cable between the US and Mexico in around 20 years and is specifically designed to meet the rapidly growing demand in the Mexican Caribbean for high speed bandwidth for internet, video streaming, social media and cloud services.

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Categories: Fixed
Companies: GigNet / Xtera
Countries: Caribbean / Mexico / United States
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