Finland-based Cinia Group said it has begun laying the new submarine Sea Lion data cable in Helsinki, Finland.
The new fiber optic sea cable will provide a direct, low latency and cyber secure Internet backbone connection between Finland and Germany. Linking Cinia´s existing countrywide data network in Finland with network nodes in Central Europe, the new sea cable is expected to increase interest of data center operators and data intensive organizations to set up operations in Finland.
“The sea cable initiative builds the future of Finland based on our existing strengths,” said Eero HeliÃ¶vaara, director General at the Prime Minister´s Office. “A direct data connection between Finland and Central Europe is an important enabler of both domestic economic growth and international investments. Data traffic is expected to grow manifold within the next years, and the sea cable initiative opens up an opportunity for Finland to claim its position among the leading countries in the area of Industrial Internet.”
Cinia Group leads the Sea Lion initiative as the developer and builder of the submarine cable, and later as an open access network operator. Investments with equity and debt financing will total at approximately EUR100 million.