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MegaFon reconsiders project to lay Arctic Connect fiber-optic line


MegaFon reconsiders project to lay Arctic Connect fiber-optic line
MOSCOW. May 27 (Interfax) - MegaFon has decided to reconsider the project to lay the Arctic Connect underwater fiber-optic communication line, the Russian mobile service provider told Interfax.
The project involves laying a 10,000-km line with throughput capacity of 200 TBps from Europe to Asia on the bottom of the Arctic Ocean, along the Russian Arctic coast, following the Northern Sea Route. The project, the cost of which was previously estimated at $800 million-$1.2 billion, was supposed to be completely commercial, without government subsidies.
We have indeed decided to reconsider the structure and economics of the Arctic Connect project. We will need time to regroup. We have done a huge amount of work since 2019, both at sea and on land. All the developments of the project will be used in future if we decide to continue it. We are now informing our partners and suppliers of our decision, MegaFon ....

Sakha Yakutiya , Chukotskiy Avtonomnyy Okrug , Arctic Ocean , Sojitz Corporation , Arctic Connect , Russian Arctic , Northern Sea , Far East , Sakha Republic , Nenets Autonomous District , ஆர்க்டிக் கடல் , ஆர்க்டிக் இணைக்கவும் , ரஷ்ய ஆர்க்டிக் , வடக்கு கடல் , இதுவரை கிழக்கு , சகா குடியரசு ,