Hibernia Atlantic, a company that owns and operates a network of marine cables on both sides of the Atlantic Ocean, is going to sue the Icelandic government to the EFTA Court for deciding that Farice, which owns and operates the Farice marine cable, should established a so-called Danice marine cable between Iceland and Denmark.
CEO of Hibernia Bjarni Thorvardarson stated the way the decision was made violates regulations of the EEA contract regarding government subsidies and stated tenders should have been invited for establishing the Danice marine, Morgunbladid reports.
Thorvardarson further claimed that the decision was not understandable considering that Hibernia and Farice had earlier this month agreed that Hibernia would finance, establish and operate a marine cable between Iceland and Ireland and that Farice would have favorable access to that marine cable.
Thorvardarson said he has repeatedly yet unsuccessfully tried to contact the Ministry of Transport since 2005 regarding participating in the Iceland-Ireland marine cable project and said it seems that the government has decided to ignore Hibernia and its plans.
No one representing the government in this matter commented to Morgunbladid on the story, which was published today.