Tuesday, 09 March 2021

The death of the consortium model and the rise of OTTs

by Harry Baldock, Total Telecom
Tuesday 18 February 20

The latest panel session from the Submarine Networks EMEA 2020 event provided insights into the future of financing in the subsea cable industry

The consortium approach to financing subsea cables was popular for many years, but recent years have seen it mostly replaced by joint build projects.   Part of the reason for this were the bureaucratic issues surrounding such large groups of players trying to reach a consensus.   “The upgrade fees in a consortia could be a nightmare,” said Giuseppe Sini, Head of Retelit International Business Unit, Retelit, highlighting one of the many ways in which heightened bureaucracy delayed projects during a consortium approach…

The consortium approach to financing subsea cables was popular for many years, but recent years have seen it mostly replaced by joint build projects.   Part of the reason for this were the bureaucratic issues surrounding such large groups of players trying to reach a consensus.   “The upgrade fees in a consortia could be a nightmare,” said Giuseppe Sini, Head of Retelit International Business Unit, Retelit, highlighting one of the many ways in which heightened bureaucracy delayed projects during a consortium approach…

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