The cable system will deploy 100G technology and represents a total investment of billions of dollars. Investors for the project include international private equity firm VIP Must and the African Development Bank.
The project is divided into four sections; WASACE North connecting Europe to North America, WASACE South connecting South America to Africa, WASACE America connecting South America to North America and WASACE Africa connecting Nigeria, Angola and South Africa.
One of the goals of the project is to provide a quantity of affordable internet communication capacity linking the fast-growing markets of Africa and Latin America with the markets of North America and Europe. The WASACE South cable is claimed to be the first-ever high capacity cable spanning the South Atlantic.
WASACE says that the total fibre length of the project, upon completion, will be seven times the circumference of the earth.
The company is managed by chairman and CEO Ramón Gil-Roldán y Sansón and advised by David Ross Group, VIP Must International and Greenberg Taurig.
