Transcript Slide 1
May 25, 2015 Cork at a Crossroads What is Arctic Fibre • Subsea cable project that provides both transoceanic and domestic connectivity • International: Backbone network connects Asia to Europe via the northwest passage • Arctic: 14 communities connected by spurs in Nunavut, Canada and Alaska, 13 of which do not have fibre access 2 Network Map 3 Project Phases • The construction of the network is taking place in three primary phases: – Phase 1 – Prudhoe Bay, Alaska to Nome, Alaska – Phase 2 – Japan to Nome BU – Phase 3 – Prudhoe Bay to Europe • Traffic from six Phase 1 landings is backhauled from Prudhoe Bay over existing terrestrial facilities • Yellow lines represent potential network extensions 4 Project Schedule • Working with a private equity investor who is underwriting entire Phase 1 and equity of Phase 2 • Arctic Fibre is currently in the process of selecting the vendor and contracting for the construction of Phase 1 • Phase 1 will be constructed during summer of 2016 for RFS by end of 2016 • Phase 2 targeted for RFS late 2017 • Phase 3 targeted for RFS late 2018 5 Network Design • Provides connectivity between many of the worlds largest markets • • • Asia-Europe Asia-North America Europe-North America • Shortest route between East Asia and Western Europe • Lowest latency • Direct route between Asia and Europe • • Commercial advantages Low risk route • High Speed Connectivity to the Arctic for the first time • Current monopoly in Arctic Why Ireland? • Arctic Fibre was not initially planning on landing directly in Ireland • Internet infrastructure development in Ireland caused us to evaluate the business case • Relatively short spur into Ireland created a low enough hurdle rate to justify the additional expenditure at an early stage of the project 7 Ireland as a hub • Drivers of Ireland’s development as a technology hub are well known: – – – – – – Low tax rate Temperate climate Educated and English speaking workforce Stable ‘Open for Business’ Infrastructure 8 Internet Infrastructure • Infrastructure is an enabling force in driving Ireland as a technology hub • Previous: Ireland as a spoke connecting to the Internet • Future: Ireland as an Internet hub 9 Cork in the mix • Increasingly a focal point for Internet Infrastructure • Southern location ideal for international connectivity • Natural network points for redundant connectivity outside of Dublin • Growing terrestrial network connectivity • This infrastructure is a catalysts for other Internet and economic development 10 Thank you Mike Cunningham Chief Executive Officer [email protected] +1 416 575-6453 11