SEA-ME-WE 5 and AAE-1 are submarine cables of similar significant, connecting Asia, the Middle East, Africa, and the Western Europe. Both consortia have teamed up the leading operators along the cable routes, with some common members seating in both SMW5 and AAE-1 consortia, while some others are competitors in the landing countries.
The SEA-ME-WE 5 consortium signed the construction and maintenance agreement for the South East Asia - Middle East -Western Europe 5 cable (SMW5 C&MA) on March 7 2014. According to Singtel news, the SMW5 cable will land in Singapore, Malaysia, Indonesia, Thailand, Myanmar, Bangladesh, Sri Lanka, India, Pakistan, Oman, United Arab Emirates, Djibuti, Yemen, Kingdom of Saudi Arabia, Egypt, Italy and France, with 18 cable landing points in 17 countries. Telecom Egypt is not a member of the SMW5 consortium which pays Telecom Egypt for SMW5 to transit across Egypt.
According to Alcatel-Lucent news, Alcatel-Lucent has signed a contract valued at several hundred million US dollars with the South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) consortium of 15 leading telecom operators to deploy a new 100 gigabit per second (Gbit/s) undersea cable system. And NEC will be a co-contractor to deploy the Singapore to Sri Lanka segment of the SMW5 cable.
According to news from Singtel and other carriers, the SEA-ME-WE 5 Consortium signed an agreement in Kuala Lumpur, Malaysia on March 7, 2014 to build a state-of-the-art undersea South East Asia - Middle East -Western Europe (SEA-ME-WE) 5 cable. The SEA-ME-WE 5 (SMW5) cable will span approximately 20,000 km, connecting 17 countries through Points-of-Presence (POPs) from Singapore to the Middle East to France and Italy in Western Europe, with a system capacity of 24 Tbps.
Seaborn Networks and Natixis announced on March 3, 2014 that Seaborn has mandated Natixis, a major French bank, to act as sole structuring bank, underwriter and lead arranger for a fully underwritten USD 290 million senior secured project financing debt for the development and installation of Seaborn’s new subsea fiber optic cable system between commercial and financial centers of Brazil and the United States, Seabras-1 submarine cable. Natixis is also expected to serve as COFACE Facility Agent and Security Agent for this project debt.
Signs of change
In the last few weeks there have been some signs that the carrier world is likely to face its biggest change and shake up since the era of deregulation.
Postings from a high ranking Telia Sonera executive and news about Face books intentions underline that change is already here.
In a recent post Neil Tagare, who is never shy of writing what many do not want to hear, wrote on his blog that carriers should be very scared at the Facebook /WhatsApp news because it has the potential to shift a huge number of revenue generating communications off of carrier networks and onto the face book network.
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