New undersea fiber-optic cable project could benefit Cayman.
Currently, the Cayman Islands are connected to only two underwater fiber-optic cable systems, both around 20 years old.
Deep Blue Cable is working on an ambitious plan to lay a 7,456-mile subsea cable that will initially connect 12 markets in the Caribbean by the end of the decade.
Underwater fiber would provide more security in the case of one of the other networks experiencing a failure.
Decrease broadband prices in a region that were lagging behind most of the rest of the world.
“In the Caribbean, the cost of broadband is about $4 per megabit per month, compared with the Atlantic, which is 40 cents per Mb per month. That’s predominantly because of the lack of competition in the area,” said Deep Blue Cable CEO Stephen Scott. (more…)