Rovaniemi invests in trans-Arctic communication cable
In 2017, Rovaniemi invested €50,000 into the Cinia alliance, a company consisting of Nordic and Japanese partners and international investors.
The company is now entering phase two of the project and aims to raise about €2 million of which Rovaniemi city council now has decided to put €200,000, newspaper Lapin Kansa reports.
In June, a Memorandum of Understanding (MoU) was signed between Cinia and the Russian telecom company MegaFon in regards to Russian participation in the subsea communication cable supposed to be laid from Finnish Lapland via Kirkenes in Norway and the Kola Peninsula in Russia and further along the seabed of the Northern Sea Route north of Siberia to Japan and other Asian countries.
The distance is about 10,000 kilometers.
The project partners underlines the importance of the Arctic telecom cable, since today’s global network lacks a backbone optical cable connecting Europe, coastal regions of northern Russia, Japan and North America.