Hi Martin, 

That statement is true in the long run. But not the short run. 

No would argue that current TransAtlantic pricing could justify a new cable 
system. :)

If you look at the last three TransAtlantic builds, they spanned from $600 
million to $980 million. No backhaul included. 

Current market pricing could never justify another system or for that matter 
doing a true terrestrial build (trenching and creating a conduit system).

Everything has been based on recycled assets to this point.  

Regards, 

Roderick S. Beck
Director of European Sales
Hibernia Atlantic
13-15, rue Sedaine, 75011 Paris
http://www.hiberniaatlantic.com
Wireless: 1-212-444-8829. 
French Landline: 33+1+4355+8224
French Wireless: 33-6-14-33-48-97.
AOL Messenger: GlobalBandwidth
rod.b...@hiberniaatlantic.com
rodb...@erols.com
``Unthinking respect for authority is the greatest enemy of truth.'' Albert 
Einstein. 

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