In today's surging wave of digitalization, submarine fiber optic cable is not only the main artery of global data exchange, but also a symbol of national scientific and technological strength. The latest news revealed that in the face of growing cybersecurity challenges, the European Commission has proposed an ambitious plan to upgrade submarine fiber optic cable infrastructure through state aid.
According to an exclusive report by Reuters, the proposal was launched in the wake of last year's accidental damage to an undersea cable in the Baltic Sea, highlighting the potential risks to existing digital infrastructure. According to Hong Kong's IDC New Horizon Internet, even the cable was affected when the gas pipeline connecting Finland and Estonia was damaged on October 8, 2023.
It is reported that the European Union has embarked on a set of strategies, including strengthening the protection of submarine fiber optic cables to ensure the safety of this critical infrastructure.
The European Commission's document clearly states: "This recommendation aims to encourage the deployment or significant upgrading of submarine cable infrastructure, complying with EU law, including state aid rules, through the European Major Cable Project (CPEIS)." ”
Funding is also planned, which may include EU project funding, the European Investment Bank, the National Promotion Bank, development and public financial institutions, private financial institutions, and private investors and equity**.
Ciaran Delaney, Chief Operating Officer of Exa Infrastructure, commented: "Submarine fiber optic cables are the lifeblood of the Internet, and it is extremely necessary that the European Commission set out to ensure the security of these critical infrastructures. While private investment is already injecting new life into the subsea industry, any legislative support that simplifies the process of upgrading and safeguarding network infrastructure is commendable. ”
In addition, the proposal proposes the establishment of an expert committee to assist the European Commission in identifying strategic CPEIS projects, exchanging information, assessing risks, and proposing mitigation measures.
It is worth mentioning that the European Commission is also expected to release an updated report on telecom mergers and acquisitions, which will continue to promote industry consolidation and enhance competitiveness.