CBI member Herbert Smith Freehills recently announced that it had advised China Telecom Global in relation to its role in a consortium which agreed to build and operate a new Trans-Pacific submarine telecommunications cable worth approximately US$300 million.
The cable, known as FASTER, will be one of the fastest and highest capacity sub-sea cable systems in the world. Designed to address the high demand for broadband, mobile, applications, content and enterprise data exchange on the Trans-Pacific route, the new cable will connect to Los Angeles, Portland, San Francisco, Oregon, and Seattle to Chikura and Shima in Japan.
Construction of FASTER will begin immediately, and the system is targeted to be ready for service during the second quarter of 2016.
Please click here to read the full press release by Herbert Smith Freehills.