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.
Farice is one of two underwater communications cables linking Iceland to the outside world. The other, Cantat 3, does not have the bandwidth to service the current data traffic to and from the country.
Repeated breakdowns over the recent months have caused Farice to go out of service, slowing data traffic to and from Iceland.
