November 28, 2005 - Iceland Review Skip to content

November 28, 2005

Bakkavör downsizes in the UK

Bakkavör Group is downsizing in the UK. One hundred employees in the company’s office in Lincolnshire will be made redundant according to a news release filed on the Icelandic Stock Exchange today.

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Data communications over Farice “expensive”

The Icelandic National Broadcasting Service, RÚV, quotes the CEO of Farice saying that prices for data transfer over the Farice cable are “eight to eleven times higher” than comparable rates of nearby underwater cables.

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