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Sea Fibre Networks News
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Remember When?
Remember when Thomas Watson, the head of IBM, said that the world would only ever need five computers? How about when DEC founder Ken Olsen, declared, “There is no reason for any individual to have a computer in his home?” Or when Bill Gates decided that 640K was all the memory a PC would ever need?
Today, our mobile phones have more computing power than NASA circa 1969 when it sent two astronauts to the moon! If you think that's hard to believe - by the end of 2012, the number of mobile-connected devices will exceed the number of people on earth! (Cisco)
Think that's crazy? Check out just how much data is published on the web each day here.
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Industry News
Mobile operator Vodafone has offered to join forces with rival firms to share the 30 billion euro ($40 billion) bill to build out new superfast fiber networks in Europe, in a sign of the increasing demands being placed on operators.
Also on the cards: Cable & Wireless Worldwide to say Tata to Vodafone bid. Could the acquisition of Cable & Wireless Worldwide be about to become a tug-of-war between Vodafone and the company’s latest suitor, Tata?
When Vodafone declared its interest two weeks ago, prices rose by a third, while Tata’s interest pushed them up by another 18% this morning, causing CWW’s value to rocket from £500m a fortnight ago to £900m this morning! Hopefully there will be some moving and shaking on this topic for next week's edition.
The East African Sub System and the India Gateway were subject to three breaks on Feb 17th. The breaks were caused by a cargo ship that dragged its anchor over the area where these cables lie on the sea-bed. It begs the question - shouldn't sub-sea cables be obsolete? Well the answer is absolutely not!! Check out this blog post explaining just that!
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There has been a lot of investing in Ireland latley. By Whom and Why? |
Google and Yelp are currently looking for additional space in Dublin, as are Salesforce.com, Bank of New York Mellon and Citigroup. PayPal announced plans to create 1,000 extra jobs.
Facebook is also seeking to more than double the size of its European headquarters in Dublin.
WHY?
Commercial property rents as well as labour costs are down and have and sparked new government initiatives to attract investment.
Ireland replaces Singapore as 'most globalised western economy'
Ireland can become global hub for cloud and big data - we are at the leading edge of a new wave in global information communications technology (ICT). EMC’s operations here helps position Ireland as a leader in cloud computing and big data
Our 12.5% corporation tax remains.
We have a young, educated and FUN workforce!
Last but not least - we have the most modern sub-sea telecommunications network connecting the UK and Europe: CeltixConnect This modern network enables these companies to move their data in and out of the country.
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The evolution of trading. CeltixConnect Boosts IFSC. |
Remember when NASDAQ was set up in 1971? It was the world's first electronic stock market. High-frequency trading started to prevail around 1999.
At the turn of the 21st century high-frequency trades had an execution time of several seconds, whereas by 2012 this has decreased to milli- and even microseconds.
A four milli-second delay could cause a trader up to $4 million in lost revenues! CeltixConnect is 136.3km in length - the next shortest network linking Ireland to the UK is 230km in length.
Today, to remain competitive, large firms need to offer a broad, global network of exchange connectivity that includes emerging markets.
And today, we are trading at the speed of light and it is low latency networks like CeltixConnect that ensure faster market data and faster order execution for firms between cities such as Ireland and the UK.
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What's going on in Sea Fibre Networks? Cable now Live! |
We kicked off February with a live interview on Ireland's RTE News.
Sea Fibre Networks has also become partners with Silicon Republics Digital 21. Diane Hodnett, Sea Fibre Networks' CEO, will be on the Digital Ireland Forum panel with Colm O'Neil, CEO, BT Ireland, Maurice Mortell, MD, Telecity and Jeroen Hoencamp, CEO, Vodafone Ireland (to name but a few) in March. Check out who else will be attending here.
The 'Boost for IFSC from CeltixConnect' featured in the Times Technology Section last week and made a significant impression on the web with industry analysts mentioning our story:
Telecom Ramblings
Sub-Sea World News
IFSC Home Page
The cable is now live and this marks a major milestone for Ireland and its digital economy.
We have a busy few months ahead of us here in Sea Fibre Networks but feel free to contact us if you would like a tour of the Network Route and Network Operations Centre.
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