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Broadband

Tampnet acquires 1,200km Gulf of Mexico fibre system from BP

Wednesday 26 August 2020 | 09:54 CET | News
Norwegian offshore communications network operator Tampnet has announced the acquisition from BP of a 1,200km offshore fibre cable system in the Gulf of Mexico for an undisclosed sum. The deal is expected to close by the end of 2020 subject to receipt of third party and regulatory consents and approvals. In a statement, Tampnet said the deal will allow it to take ownership of a key subsea fibre cable system, which was already being used for its offshore LTE network, while significantly improving its infrastructure and market position in the region.

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Categories: Fixed
Companies: Tampnet
Countries: Caribbean / Mexico / United States
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