GreenTracker| Kodiak-Kenai Cable Co, headquartered in Alaska, wants to move forward with a project unthinkable a few years ago: laying underwater fiber optic cable between Tokyo and London by way of the Northweat Passage.
The quicker transmission time is important in the financial world where milliseconds can count in executing profitable trades and transactions. “Speed is the crux,” CEO Walt Ebell said. “You’re cutting the delay from 140 milliseconds to 88 milliseconds.”
The cost of the project is estimated at $1.2 billion vs $300 million spent recently to lay a line between Japan and the US West Coast. via The Canadian Press