HELSINKI – A Finnish IT group says it has commissioned a 1,200 kilometre-long (745-mile) ultra-fast data cable across the Baltic Sea from Germany in an attempt to lure central European technology companies to Finland.
State-owned Cinia Group said Friday the fiber-optic link has a total capacity of 144 terabits per second, making it much faster than Finland’s data connections to Europe that are routed via neighbouring Sweden. No financial details were disclosed.
Companies like Google, Microsoft and Russia’s Yandex have set up data centres to Finland due to the cool climate, low energy prices and favourable tax breaks.
Germany’s Hetzner Online GmbH is currently building a data centre near Helsinki in an investment worth up to 200 million euros ($225 million), according to the Finnish government.