Lessons Of Quintillion's Arctic Cable Sale For The EU's Arctic Ambitions - Part I

The blog post discusses the challenges faced by Quintillion in constructing a subsea cable from Japan to Europe via the North Pole, highlighting the risks posed by icebergs and the impact of outages on financial stability. It critiques the initial financing decisions, arguing that proper due diligence was not conducted, leading to a distressed asset sale. The author draws parallels with other high-profile business mistakes caused by overconfidence among financiers.