GlobalConnect AB, Cinia Oy, NORDUnet A/S, Tusass A/S, the Dutch Subsea Cable Coalition, and Tampnet AS have signed a European Memorandum of Understanding (MoU) to explore the development of a Pan-Arctic Cable System (PACS). PACS aims to establish new critical routes between Europe, Asia, and North America via the Arctic.
The involved parties will develop the project with the ambition to have the PACS fully ready for service by the early 2030s, while some parts of system are planned to be in service earlier. The scope of planned collaboration between the parties includes activities such as e.g. technical and architectural planning, sales & marketing, funding, vendor strategy, cooperation with other parties in Europe, Asia and North America as well as potential creation of joint European entity (SPV) to promote the project activities.
“We are proud to contribute our extensive expertise in digital infrastructure to the PACS initiative. This project is a vital step toward meeting the surging global demand for high-capacity, secure, and diverse connectivity routes,” says Pär Jansson, SVP, GlobalConnect Carrier. “By collaborating with strong industry partners, we are shaping the future of resilient digital infrastructure to support societies and economies worldwide."
Pan-Arctic Cable System aims to fulfil the conditions for being labelled a Cable Project of European Interest (CPEI) as defined by the European Commission. The parties intend to pursue a long-term collaborative strategy and objectives for the benefit of critical submarine cable infrastructure.
