On October 19, 2026, Tom’s Hardware reported, citing Bloomberg, that Bulk Infrastructure was seeking a Canadian majority partner to help fund and build its proposed Leif Erikson subsea cable. Financial Post reported an estimated construction cost above US$620 million and said financing and customer commitments were still required.

A route planned to connect Norway and Canada

Bulk lists N01 Campus in Kristiansand, Norway, and Montreal as planned endpoints. The proposed connection would reach Happy Valley–Goose Bay in Atlantic Canada, then continue overland toward Montreal. Bulk describes route diversity as a goal for the system: if built and connected to networks, a separate transatlantic path could add geographic diversity. Bulk’s project page sets out its planned endpoints and purpose; Financial Post’s reporting describes the route through Canada.

WFN’s feasibility study and tender milestone

WFN Strategies says its feasibility study for Bulk ran from September 2021 to October 2022. The work included route recommendations, hazard mapping, cost analysis and sustainability planning. WFN’s project record says the study guided a tender process that began in late 2022.

Bulk’s latency estimates and planned services

Bulk lists expected round-trip delays, or latency, of 46 milliseconds between N01 Campus and Happy Valley–Goose Bay, and 65 milliseconds between N01 Campus and Montreal. The company also describes planned fiber-pair IRUs or long-term leases, plus spectrum services. It says the proposed cable is designed to use 100% renewable energy. These are Bulk’s project plans and estimates, not operating-service measurements. Details are on Bulk’s project page.

Funding, route requirements and readiness

Financial Post reports that vendors have signed on, while financing and customer commitments remain necessary. For broader background on money and financing, NTV88’s finance explainers offer a general resource. Financial Post also reports that further studies supported by Canada and the European Union are needed to plan the route, and that the Canadian land segment faces permitting requirements and needs support from Indigenous communities.

Bulk lists 2026 as its expected readiness year and defines service readiness as three years after a Contract in Force (CIF).