According to Krista Kiuru (Social Democratic Party), Finland’s Minister of Education, Science and Communications, the new link will attract investments to Finland and turn the country into a major hub for the international cloud business and a major location for data centres.
Finland’s data communication links to Europe currently rely on a cable that goes through Sweden. It does not have a backup system. The capacity of the new cable will be tens of times greater compared to the current cable.
“In addition to geography, our geopolitical position is based on our own decisions. We should have the courage to develop Finland into a prominent data haven where companies and countries can safely locate their critical information,” says Kiuru.
“It is now genuinely possible to make Finland into the promised land for companies that are producing cloud services. This investment, together with the cleanest networks and legislation that guarantees protection for the individual, will ensure that we will be more competitive in attracting new business to our country.”