Four Companies Inquire About Cables In Water
There have been at least four enquiries from international companies “expressing serious interest in laying cables in our territorial waters,” Minister of Home Affairs Walter Roban said.
Speaking at a press conference, Minister Roban mentioned the Submarine Communication Cables Act 2020, and said “this legislation has started to bear fruit as there have been, at least, four enquiries from internationally renowned companies expressing serious interest in laying cables in our territorial waters and will not only earn the Government hundreds of thousands of dollars in fees but establish Bermuda as the only North Atlantic hub for communication cables.
“This could in turn entice some of these companies to domicile in Bermuda, which would bring in much-needed inward investment in many sectors.”
Read More About
Category: All, Business, technology
All this is speculative and meant to keep the PLP base happy. NONE of it is even concrete. It’s all well and good to boost the Govt’s coffers but are jobs attached to this?
“This could in turn entice some of these companies to domicile in Bermuda, which would bring in much-needed inward investment in many sectors.”
Come back to us Walter when you have some signatures committing to Bermuda.
Could bring hundreds of thousands of dollars to Bermuda.
So this is not that exciting.
Next.