NEW HIGH CAPACITY DIGITAL HIGHWAY TO THE CONTINENT
Press Release, Stavanger 17.12.2019Altibox and Skagenfiber announce the new fiber super-highway to Norway
Altibox acquires 100% of shares in Skagenfiber AS and their projected fiber optic cable between Norway and Denmark and thus completes the international Euroconnect-1 ring announced earlier this month. Skagenfiber, once live towards the end of 2020, will attract an international clientele of data centre operators and telecom carriers, further enhancing Norway’s appeal as a digital host nation.
The Euroconnect-1 ring has already planned and announced the NO-UK subsea cable between Stavanger and Newcastle, ready for service in 2021. We are now announcing our acquisition of Skagenfiber, ready for service in 2020, which will further strengthen and enhance the new, international Euroconnect-1 fiber ring.
Skagenfiber’s 170km long subsea cable stretches from Hirtshals on the northern coast of Denmark to Larvik on the southern coast of Norway with onwards connections to the data centre hub of the Oslo region. The cable significantly strengthens capacity between Norway and mainland Europe and offers sorely needed diversity as regards data traffic in and out of Norway. Today, a major part of internet traffic is routed through Sweden, a disadvantage considering redundancy and security as well as the latency loss – or speed of data transmission – so critical to data centre operators and hyper-scalers.
- There is a significant requirement for high capacity fiber connections between Norway and mainland Europe. The combination of the two subsea cables «NO-UK» and «Skagenfiber» will in their robustness and combined capacity meet the ever-increasing demands for first class digital infrastructure in Norway. More than that, they will connect Norwegian businesses to the world and significantly increase the attractiveness of Norway as a digital host nation to international data centres, says Toril Nag, Group Executive Vice President of Lyse’s telecoms division and Chairwoman of Altibox.
The Skagenfiber build-out commences early in the new year and the cable will be ready for service towards the end of 2020. Several of the Skagenfiber founders will remain and partner with Altibox to see the build through to completion.
- We are tremendously excited to join forces with Altibox and start the realisation of this network asset, the planning of which has been more than 2 years in the making. There is keen interest in the market for first class connectivity to Norway, and in combination with the investments Altibox are making in NO-UK and Euroconnect-1, the Skagenfiber cable will most certainly place Norway firmly on the map, says Geir Holmer, the Skagenfiber CEO.
New high capacity digital highway to the continentSkagenfiber
Lyse Tele is made up of the wholly owned digital-TV & broadband provider Altibox AS, and Lyse’s ownership stake in several fiber providers in Norway and Denmark. The national backbone network of Altibox covers all of Norway, from Agder in the south to Finmark in the north.
Turnover 2018: 3 502 MNOK
EBITDA 2018: 1 276 MNOK
EBIT 2018: 460 MNOK
Investments 2018: 1 171 MNOK
Lyse Tele has 330 000 fiber customers, distributed across Norway. In addition, Altibox provides services to other network operators/owners. In total, more than 600 000 consumers and businesses get their Internet and TV entertainment from Altibox.
Toril Nag, ESVP Lyse, email@example.com, +47 934 88 888
Eirik Gundegjerde, SVP Lyse, firstname.lastname@example.org, +47 934 88 885
Geir Holmer, CEO Skagenfiber AS, email@example.com, +44 7769 6415 31
Skagenfiber was established to build and operate two high speed fiber optic connections between Oslo, Norway and the European Continent. Our 48 pair cables provide the highest quality and lowest latency dark fiber to national and international clients.
Length: 170 km between Larvik – Hirtshals
Number of fibers: 48 par
Owner: Lyse/Altibox (100 %)
Skagenfiber West are planned for RFS November 2020
OUR VALUE PROPOSITION
There is currently no established market for dark fiber nationally in Norway – the current infrastructure is largely controlled by two large incumbents with numerous smaller operators. To connect over any distance – and we have enough of that in Norway - you need a patch-work of independent connections.
International dark fiber not going through Sweden is very scarce and generally not commercially available.
- We offer redundant dark fiber to end users, government, large / hyper scale data centers as well as telecom providers, existing and new.
- We represent the shortest logical route from the main hub of Oslo to the European continent with low latency and a high degree of physical security.