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Submarine Telecoms SUBMARINE TELECOMS FORUMISSUE 111 | MARCH 2020 FINANCE & LEGAL EXORDIUM FROM THE PUBLISHER WELCOME TO ISSUE 111, OUR FINANCE & LEGAL EDITION f ever there was a need for connectivity, Maybe this is the time to perfect virtual it is today… conferences. From my vantage along the Poto- But on the flipside, I read an article re- mac River the news has been coming cently saying if everyone stayed home, we like a slow moving, yet unstoppable would “break” the internet. Wow, really? I Itrain. Contingency plans have been know I play too much Team Fortress as it prepared and revised. Supplies have been is, but I doubt my supposed increase will purchased and stored, ready for use if shatter anything. absolutely necessary. Yet as an industry we are still incredibly We have already experienced a single busy, adapting to new, challenging rules wave of chest colds through the office, for fielding personnel and assets, but still which is typical this time of year, and getting the job done. have decided, if it comes to it, that we can all work remotely. Half of our people Q&A WITH BERMUDA are located somewhere else anyway; This issue we are talking trends with so, we can simply Skype or Webex or Bermuda’s Deputy Premier and Minister of whatever each other for various project Home Affairs, and gaining an understand- or marketing or planning meetings, and ing of the island’s new legal framework and bank the travel budget for now. I was on a video future plans for submarine cables. Bermuda I was on a video telecon the other day telecon the other is looking to establish itself as a landing with two international locations and was hub for transatlantic submarine cables; so, struck how the general consensus was day with two this is certainly a very interesting read. that no one was traveling for now. I am international still in awe of our ability to hold such a SUBTELFORUM.COM teleconference, which only a few years locations and was We’ve added a new department to the ago was unheard of. Even my ability to struck how the magazine, namely SubTelForum.com, What’s App my buddy, Nick, in England which describes in a nutshell and links to talk through the recent Wales match is general consensus free resources for all our readers, as well as still mind boggling. subscription-based market sector report- It is very much a wait and see kind of was that no one was ing for those interested in drilling down a time. traveling for now. I further on various subjects. It will be up- We watch with great interest how the dated from time-to-time as new informa- many industry conferences are adapting am still in awe of our tional opportunities for our readers arise. to the changing circumstances. Many are ability to hold such a simply “postponing” their events to a bet- PORTHCURNO 150TH ANNIVERSARY ter time. And so, our list of “must-attends” teleconference... SubTel Forum is publishing the third is slowly being crossed out from the list - article of a series leading up to the main top down, month-by-month. 150th anniversary of the first Transatlan- 2 SUBMARINE TELECOMS MAGAZINE A Publication of Submarine Telecoms Forum, Inc. www.subtelforum.com ISSN No. 1948-3031 PRESIDENT & PUBLISHER: Wayne Nielsen | [email protected] VICE PRESIDENT: Kristian Nielsen | [email protected] SALES: Teri Jones | [email protected] | [+1] (703) 471-4902 EDITOR: Stephen Nielsen | [email protected] tic telegraph cable, which will be celebrated for the month of June 2020 at the Tele- DESIGN & PRODUCTION: Weswen Design | [email protected] graph Museum Porthcurno in Cornwall, England. Bill Burns and Stewart Ash have DEPARTMENT WRITERS: written a piece entitled, “The Red Sea José Chesnoy, Kieran Clark, Kristian Nielsen, Walter Roban and Wayne Nielsen Line: The 1870 Cable from England to In- FEATURE WRITERS: dia,” as well as highlighted the month-long Adam Kelly, Andrew D. Lipman, Bill Burns, Chris de Josselin, schedule for the Porthcurno event. Christian Keogh, James Neville, Mike Conradi, Nicholas Kazaz, Paul St. Clair, Rubayet Choudhury, Stephen Nielsen, Stephen Scott, BACK REFLECTION Stephen Wright, Stewart Ash and Ulises R. Pin Our ever popular historical department, Back Reflection, returns and in this issue, NEXT ISSUE: MAY 2020 — Global Capacity José Chesnoy discusses the art over the AUTHOR AND ARTICLE INDEX: www.subtelforum.com/onlineindex many industry years of submarine cable positioning and how cable laying became over time extremely precise. Submarine Telecoms Forum, Inc. | www.stf-inc.com BOARD OF DIRECTORS: As always, we have some really excellent Margaret Nielsen, Wayne Nielsen and Kristian Nielsen articles this issue from a number of excep- tional international authors. Finance & SubTel Forum Analytics, Division of Submarine Telecoms Forum, Inc. Legal is meant to be a laser-focused theme, www.subtelforum.com/analytics highlighting topics and complexities that LEAD ANALYST: are often over looked or underappreciated Kieran Clark | [email protected] | [+1] (703) 468-1382 in the cable implementation process and RESEARCH ANALYST: I think you’ll agree that our authors have Rebecca Spence | [email protected] | [+1] (703) 268-9285 certainly hit that mark; and of course, our ever popular “where in the world are all SubTel Forum Continuing Education, Division of Submarine Telecoms Forum, Inc. www.subtelforum.com/education those pesky cableships” is included as well. If ever there was a need for connectivity, CONTINUING EDUCATION DIRECTOR: it is today. STF Kristian Nielsen | [email protected] | [+1] (703) 444-0845 Good reading and stay well, Contributions are welcomed and should be responsible for the accuracy of the information herein, forwarded to: [email protected]. or any errors which may occur in advertising or Submarine Telecoms Forum magazine is published editorial content, or any consequence arising from any bimonthly by Submarine Telecoms Forum, Inc., and errors or omissions, and the editor reserves the right is an independent commercial publication, serving as to edit any advertising or editorial material submitted a freely accessible forum for professionals in industries for publication. connected with submarine optical fiber technologies New Subscriptions, Enquiries and Changes of and techniques. Submarine Telecoms Forum may not Address: 21495 Ridgetop Circle, Suite 201, Sterling, be reproduced or transmitted in any form, in whole or Virginia 20166, USA, or call [+1] (703) 444-0845, fax Wayne Nielsen, Publisher in part, without the permission of the publishers. [+1] (703) 349-5562, or visit www.subtelforum.com. Liability: While every care is taken in preparation Copyright © 2020 Submarine Telecoms Forum, Inc. of this publication, the publishers cannot be held VOICE OF THE INDUSTRY SUBMARINE TELECOMS FORUMISSUE 111 | MARCH 2020 CONTENTS features 14 24 7 QUESTIONS TRIPPING HAZARDS WITH THE HON. FOR PERMITTING OF WALTER ROBAN SUBSEA CABLES IN BRITISH COLUMBIA, CANADA By James Ian Anthony Neville 18 32 INNOVATIVE NOVEL FINANCING AND CORONAVIRUS DEBT STRATEGIES AND FORCE FOR PRIVATE MAJEURE SUBMARINE CABLE By Stephen Wright PROJECT SPONSORS and Adam Kelly Andrew D. Lipman, Ulises R. Pin and Paul St. Clair 4 SUBMARINE TELECOMS MAGAZINE 34 46 SUBSEA CABLE SEC- SO, YOU WANT TOR NEEDS A NEW TO LAY A CABLE FINANCING MODEL By Stephen Nielsen By Steve Scott CONTENTS 38 48 MANAGING SUBSEA CABLE UNDERUTILIZED DAMAGE CLAIMS ASSETS By Nicholas Kazaz By Chris de Josselin 41 52 FIBRE BROADBAND THE RED SEA LINE By Bill Burns and NETWORKS Stewart Ash By Mike Conradi, Rubayet Choudhury and Christian Keogh departments EXORDIUM ....................................................... 2 BACK REFLECTION .......................................... 64 SUBTELFORUM.COM ......................................... 6 CONTIUING EDUCATION ................................... 72 STF ANALYTICS ................................................. 8 SUBMARINE CABLE NEWS NOW .......................74 CABLE MAP UPDATE ........................................10 ADVERTISER CORNER ..................................... 75 WHERE IN THE WORLD ....................................12 MARCH 2020 | ISSUE 111 5 SubTelForum.com Visit SubTelForum.com to find links to the following resources FREE RESOURCES FOR ALL OUR SUBTELFORUM.COM READERS TOP STORIES OF 2019 mapping efforts by the analysts at SubTel Forum Analytics, The most popular articles, Q&As of 2019. Find out what a division of Submarine Telecoms Forum. This reference you missed! tool gives details on cable systems including a system map, landing points, system capacity, length, RFS year and other NEWS NOW RSS FEED valuable data. Keep on top of our world of coverage with our free News Submarine Telecoms Industry Report is an annual free Now daily industry update. News Now is a daily RSS feed of publication with analysis of data collected by the analysts of news applicable to the submarine cable industry, highlighting SubTel Forum Analytics, including system capacity analy- Cable Faults & Maintenance, Conferences & Associations, sis, as well as the actual productivity and outlook of current Current Systems, Data Centers, Future Systems, Offshore and planned systems and the companies that service them. Energy, State of the Industry and Technology & Upgrades. CABLE MAP PUBLICATIONS The online SubTel Cable Map is built with the industry Submarine Cable Almanac is a free quarterly publica- standard Esri ArcGIS platform and linked to the SubTel tion made available through diligent data gathering and Forum Submarine Cable Database.
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