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(Reuters) Brazil and the European Union agreed on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia.
At a summit in Brussels, Brazilian President Dilma Rousseff said the $185 million cable project was central to "guarantee the neutrality" of the Internet, signaling her desire to shield Brazil's Internet traffic from U.S. surveillance. According to other sources, the construction is scheduled to begin in July.
A joint venture between Brazilian telecoms provider Telebras and Spain's IslaLink Submarine Cables would lay the communications link. Telebras would have a 35 percent stake, IslaLink would have a 45 percent interest and European and Brazilian pension funds could put up the remainder.
(Score: 2, Insightful) by unimatrix on Tuesday February 25 2014, @04:50PM
Um, the DGSE (French Foreign Intelligence) spends about a quarter of its published budget on industrial espionage to help French companies. It's been widely known in the international business community that they've been doing this for decade and some of their favorite targets are US and British companies.
The dirty little secret is that everyone is trying to spy one everyone and has been for a very long time. To anyone who's worked inside the beltway this really isn't new news. It's just the rest of the world is just now finding this out.