HELSINKI – A Finnish IT group says it has commissioned a 1,200 kilometer-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 neighboring Sweden. No financial details were disclosed.
Companies like Google, Microsoft and Russia's Yandex have set up data centers to Finland due to the cool climate, low energy prices and favorable tax breaks.
Germany's Hetzner Online GmbH is currently building a data center near Helsinki in an investment worth up to 200 million euros ($225 million), according to the Finnish government.