Investors think over $1.5 billion BRICS undersea cable
June 5 , 2012
Potential investors, including Internet giant Google, are to decide before the end of year whether they will proceed with a $1.5 billion undersea cable that will connect the BRICS group of emerging economies to each other and the U.S.
The 21,000-mile cable would be the first of its kind to link Brazil, Russia, India, China and South Africa. It is expected to come online by the end of 2014.
First proposed in May last year, the cable would also connect with existing undersea cables, subsequently opening access to 21 African nations.
Africa is currently connected to Europe, North America and Asia through nine undersea cables, with five more links planned by 2014.