financetom
Technology
financetom
/
Technology
/
One of two damaged Baltic Sea cables back online, Arelion says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
One of two damaged Baltic Sea cables back online, Arelion says
Nov 28, 2024 11:49 AM

By Supantha Mukherjee

STOCKHOLM, Nov 28 (Reuters) - One of two Baltic subsea

cables that were damaged earlier this month in a suspected

sabotage is back online, a spokesman for operator company

Arelion said.

The cable connecting Sweden and Lithuania was repaired as of

Thursday and traffic had resumed at full capacity, spokesman

Martin Sjogren said.

Two subsea cables -- the other linking Finland and Germany

-- were damaged in less than 24 hours on Nov. 17-18, prompting

German Defence Minister Boris Pistorius to say he assumed it was

sabotage.

Undersea cables transmit nearly all the world's internet

data traffic, and are considered critical infrastructure as they

connect the communication backbone between countries.

Investigators have zeroed in on Chinese bulk carrier Yi Peng

3, and Swedish Prime Minister Ulf Kristersson said the country

sent a formal request to China seeking cooperation to help

clarify what happened when the undersea cables were damaged in

the Baltic Sea.

"We are cooperating with Swedish police in their

investigation of our damaged cable," Sjogren said.

"It's very difficult to secure the entire subsea

infrastructure but the international cooperation between

authorities, military and companies is working very well," he

said.

Arelion, once part of telecom company Telia, owns

75,000 kilometers (46,603 miles)of fiber network.

Finland's Cinia, which owns the other cable, has also

started repair work and estimated completion by the end of this

month.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Breaking Down ARM Holdings: 13 Analysts Share Their Views
Breaking Down ARM Holdings: 13 Analysts Share Their Views
Sep 13, 2024
Ratings for ARM Holdings ( ARM ) were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
How To Earn $500 A Month From Broadcom Stock
How To Earn $500 A Month From Broadcom Stock
Sep 13, 2024
On Sept. 5, Broadcom Inc. ( AVGO ) reported stronger-than-expected earnings and sales results for its third quarter. The company’s quarterly revenue of $13.072 billion, beating analyst estimates of $12.96 billion, according to Benzinga Pro. The semiconductor company reported second-quarter earnings of $1.24 per share, beating analyst estimates of $1.20 per share. With the recent buzz around Broadcom ( AVGO...
Mobileum emerges from financial restructuring process
Mobileum emerges from financial restructuring process
Sep 13, 2024
Sept 12 (Reuters) - U.S. telecom services provider Mobileum said on Thursday it had emerged from the Chapter 11 bankruptcy process, and secured $60 million of new financing to fund its bankruptcy process, with $100 million of financing for prepetition debt. The company said it has eliminated approximately $530 million in prepetition debt. The telecom services provider filed for bankruptcy...
A Glimpse Into The Expert Outlook On EchoStar Through 4 Analysts
A Glimpse Into The Expert Outlook On EchoStar Through 4 Analysts
Sep 13, 2024
Analysts' ratings for EchoStar ( SATS ) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 2...
Copyright 2023-2025 - www.financetom.com All Rights Reserved