The idea to have a submarine cable system that serves the Central and South American markets is coming to life. On September 15, 2021, three companies announced they have executed an agreement to invest in the construction for this system. Breda Financial Corp. (Breda) and Capital Investment & Asset Management Group (CIAM) and Ocean Networks, Inc. (ONI) will spearhead this strategic plan to create a platform to develop submarine cable systems globally.
Plans for the Caribbean Express (CX) Submarine Cable System:
- The CX system will utilize the latest Space Division Multiplexing (SDM) technology with 18 fiber pairs to provide low latency and diverse routing
- Initially the 3,472km system will connect Boca Raton (Florida), Balboa (Panama), Cancun (Mexico), and Cartagena (Colombia)
- The system will be designed for future connectivity to the Bahamas, Guatemala, Honduras, Grand Cayman, Jamaica, Nicaragua and Costa Rica.
Breda and CIAM are providing 100% of the required equity financing to bring the CX project to contract in force with the system supplier. The system will be managed and operated by ONI. This partnership to construct the Caribbean Express Submarine Cable system allows construction on the CX system to take place immediately and all partners are committed and confident in this project.
For more information about the CX system, visit: www.oceannetworks.com.
