Routing map of proposed submarine fiber optic cable. Image-ArcticFibre

Arctic Fibre Acquired by Quintillion Networks

Toronto, Ontario, Canada – Quintillion Subsea Holdings LLC (“Quintillion”) has acquired the assets of Arctic Fibre as part of a plan to build a submarine fibre optic cable from Asia to Europe with the first phase in Alaska. Quintillion will build, own and operate the network. The founding shareholders of Arctic Fibre hold an ownership stake in Quintillion and Michael Cunningham, the CEO of Arctic Fibre, has joined the board of Quintillion. Cooper Investment Partners, a New York-based private investment firm, is the majority investor in Quintillion.

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