EU In Talks To Fund Fleet To Repair Damaged Subsea Cables

By Gian Volpicelli and Andrea Palasciano

Feb 15, 2025 (Bloomberg) –The European Union is mulling a public-private initiative worth “hundreds of millions” of euros to buy ships that can promptly repair subsea cables in case of damage or sabotage, the bloc’s tech chief said. 

“We are discussing now with member states what would be the amount that is needed,” Henna Virkkunen, the European Commission’s executive vice president for technological sovereignty, security and democracy, said on the sidelines of the Munich Security Conference. “When it comes to security we see that there’s an urgent need for action.”

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