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SubTel Forum Issue #31 - Finance & Legal

Page 18

The last ten years has been a wild

From Circuits to Terabits

By Robert Mazer

not so long ago that we were speaking of

ride for submarine cables. The change in

cable capacity in terms of individual telephone

the ownership, market and technology of

circuits. Today we are speaking about Terabit

submarine cables during this time has been

cables, with vast amounts of capacity to send

nothing short of astonishing. Up until the

very large volumes of data almost anywhere in

middle 1990’s, submarine cables were owned

the world.

by a small club of international carriers. It

With all this change in the world of

had been this way for over 100 years since

undersea cables, there has been one constant:

the first transatlantic cables were brought

the law of supply and demand. Historically,

into service. Both ownership and access to

cables were built based on meticulous

submarine cables were tightly controlled. With

traffic planning projections by the club cable

the introduction of private (non-club) cables

operators. Historical traffic growth patterns and

this began to change. Non-club members

new traffic demands were analyzed before a

purchased Indefeasible Rights of Use (“IRU”)

decision was made to build a new transoceanic

and privately owned cables were constructed.

cable. AT&T, the predominate U.S. carrier,

In 1990 cables primarily carried telephone

was the leader of this process and worked

calls and some data services. Does anyone

closely with its subsea cable division. This

remember the emergence of x.25 networks?

process allowed for the orderly replacement

Today, submarine cables are the backbone

and upgrades of the subsea cables, facilitating

of the worldwide web, numerous private

the raising of the capital necessary to pay for

networks as well as international telephony

the new cable. While not a perfect system, it

which has become increasingly accessible to

provided for a process to get the best possible

everyone. Zeros and ones are zipping over

information on demand in order to ensure that

these networks to places all over the world. As

there was sufficient revenue to cover the cables

the traffic has grown, the cost to consumer of

cost.

international telecommunications has rapidly

This process began to break down in

declined. This has only fueled increased traffic

the early 1990’s when a confluence of events

demands. The technology has also made

made it possible to finance and construct new

enormous strides in the last ten years. It was

subsea cables. First, the new competitive

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