Crosslake Fibre launches Toronto - New York network
Crosslake Fibre has completed the first new fibre-optic cable constructed between Toronto and New York in almost two decades.
The cable has entered commercial service and the diverse, ultra-low latency route connects Toronto's largest carrier hotels, Equinix TR2 at 45 Parliament Street and 151 Front Street West, to Equinix NY4 in Secaucus, New Jersey with multiple extensions to various points of presence in both cities.
Crosslake Fibre provides lit and dark fibre services interconnecting Toronto, Secaucus, New Jersey, and Buffalo, New York, using the route.
“The new network provides the lowest latency performance, physical geographic diversity, and ultra-high capacity throughput for customers,” said Mike Cunningham, CEO of Crosslake Fibre.
“This backbone Internet infrastructure benefits the financial markets, data centres, content delivery networks, the gaming ecosystem, payment processing, and internet download speeds, in addition to being a catalyst for economic development.”
The historic cable traverses Lake Ontario from Toronto to New York State utilising a specialised 192 fibre strand submarine cable that is 58km in length. Using current technology, the cable, which is less than 2 inches in diameter, can provide up to several thousand terabits per second of capacity throughput.
“The physical distance between the major business and financial markets in New York, New Jersey and Toronto just got shorter," added Fergus Innes, SVP of Crosslake Fibre. "For the first time, this new network route delivers sub 9ms RTD performance between these core markets. Crosslake's 'Velocity' service portfolio offers the financial community a number of options to enhance their connectivity to these important markets.”
“It is exciting to see a home-grown company like Crosslake Fibre deliver critical infrastructure between Toronto and New York. When companies like Crosslake Fibre choose Toronto, it further demonstrates the growth we are seeing in our technology sector,” said Mayor John Tory. “As the world becomes increasingly digital, it is vital for the success of our city to continue to support important infrastructure like this fibre-optic cable and the companies that are spearheading these projects.”
Crosslake Fibre is backed by middle-market private equity firm Tiger Infrastructure Partners and its CEO and managing partner, Emil W. Henry, Jr., added: "Crosslake Fibre is an innovative and ambitious company that fits neatly with our philosophy of investing in growing infrastructure platforms. It is pleasing to see the investment thesis prove out as Crosslake's initial network comes into service and it progresses onto its next network on the Crosslake Fibre platform, CrossChannel Fibre."
The news comes after Crosslake Fibre announced that it had selected Hylan to support the design, engineering and construction of its Lake Ontario fibre network leg in upstate New York and named BSO Networks (BSO) as its exclusive partner to deliver Crosslake’s Velocity.