The management of start-up international cable venture WASACE has stated this week that the proposed 40Tbps submarine fibre network, including a section linking South America with Angola, Nigeria and South Africa will be ready for service in early 2014. A report from South African website Techcentral quoted the WASACE Cable Company as saying that it had begun the procurement process to select a system supplier for the Africa-Americas-Europe cable’s construction. An invitation to tender has been sent to four potential suppliers ahead of a winner hopefully being selected in July 2012. Two financial services companies, including Aterios Capital, are acting as advisors to source funding for the project. International telecoms consulting firm David Ross Group is administering the procurement process and leading the project’s development. Two sections linking North America and South America, and the latter with Africa (via a Brazil-Angola route), are planned for completion first, in early 2014, followed by a further section from the US to Spain.
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