Facscinating, so now I'm completely confused. If they can pull this cable for 300M$US total that is a huge improvement in costs from previous efforts. Now I feel compelled to track down what changed that made this an order of magnitude less costly to do.
You're right. The press release [0] does say "The total amount of investment for the FASTER system is estimated to be approximately USD $300 million". That would, however, make the title of this article wrong.
I'm surprised Techcrunch made that big a mistake in their reporting.
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The NEC press release says the total amount of investment across six different companies is approximately $300mm
Facscinating, so now I'm completely confused. If they can pull this cable for 300M$US total that is a huge improvement in costs from previous efforts. Now I feel compelled to track down what changed that made this an order of magnitude less costly to do.
EDIT: this link http://submarinenetworks.com/systems/trans-pacific/unity informs me that I am completely wrong on the costs. Apparently it is really "only" 300M$ to lay a cable from here to there.
You're right. The press release [0] does say "The total amount of investment for the FASTER system is estimated to be approximately USD $300 million". That would, however, make the title of this article wrong.
I'm surprised Techcrunch made that big a mistake in their reporting.
[0] http://www.nec.com/en/press/201408/global_20140811_01.html
no, the title is accurate. it says "Google invests in $300mm cable", not "Google invests $300mm in cable"