A map of Hibernia's Project Express connectivity
(WEB HOST INDUSTRY REVIEW) – High-bandwidth connectivity provider Hibernia Atlantic (www.hiberniaatlantic.com) announced Wednesday that it has received a $250 million financing commitment from Huawei Marine Networks (www.huawei.com) for Project Express, a low latency fiber optic cable system connecting the New York City area with London.
First announced in September, the route offers its Global Financial Network clients, including traders, global banks and exhanges, connectivity with sub 60 milliseconds latency.
Project Express will be the shortest route from New York to London, and offer low latency connections between financial hubs Frankfurt and London to Chicago, New York City and Toronto.
“We are proud to be part of this historic cable build across the Atlantic,” Nigel Bayliff, chief executive officer of Huawei Marine Networks said in a statement. “Now more than ever, low latency routes are in high-demand, as critical financial transactions need high capacity, fast speeds, and a secure and reliable environment to transport from one key financial city or exchange to the next. Hibernia Atlantic’s GFN has already proven its value for financial networks and now with the Project Express construction underway, the company will soon offer the fastest route across the Atlantic.”
Project Express will be lit using 40G technology, and will upgrade to 100G to meet demand.
“We are excited to begin construction on Project Express,” said Mike Saunders, vice president of business development for Hibernia Atlantic. “The first phase includes constructing a new cable from the County of Somerset in the UK to Halifax in Canada which will then connect to Hibernia’s current, low latency cable from Halifax to New York. We will also build with future expansion in mind, including branching units for additional latency enhancements to the United States and continental Europe.”
Once completed, Hibernia’s Project Express will be the fastest route across the Atlantic Ocean.
The project is expected to be complete in summer 2012.
About Nicole Henderson
Nicole Henderson writes full-time for the Web Host Industry Review where she covers daily news and features online, as well as in print. She has a bachelor of journalism from Ryerson University in Toronto, and has been writing for the WHIR since September 2010. You can find her on Twitter @NicoleHenderson.
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