By Arctic Startup

Currently the only high speed submarine cables leading to Iceland are coming from Europe, creating a roundabout trip for internet connections to hit North America. Emerald Netorks, a new American submarine network company, is building one of the fastest neworks across the Atlantic that will branch from Ireland and Iceland, and head straight for New York.

The new cable will cost around €227 million, and will provide a 100 Gbps connection across the Atlantic. This has great benifits for the high speed trading used by the financial sector– expected round trip latency between New York and London is around 62ms. But it will also open up Iceland to become a new datacenter powerhouse.

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