Business · Trade · 2 hrs ago

Norwegian firm proposes undersea cable linking Europe and Canada

Norwegian firm proposes undersea cable linking Europe and Canada

Norwegian company Bulk has proposed a new undersea cable linking Europe and Canada without passing through the United States.

The 2,800-mile route would run from southern Norway to Newfoundland and Labrador, then cross Canada to Montreal.

The proposal comes as Canada explores alternatives to relying on the US for international data connections amid worsening relations with Washington.

Bulk says the link could support high-capacity data transfers for telecommunications, artificial intelligence and large-scale computing.

The project is expected to cost more than $620 million, and Bulk is seeking a Canadian majority partner to help finance it.

The cable still needs funding, regulatory approvals and agreement on its route, including support from Indigenous communities along the planned Canadian section.

The European Union and Canada must coordinate and approve the route before construction can move ahead.

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