NEC announced it will be upgrading the underwater cable running from the west coast of South America through Panama to the Caribbean, a distance in excess of 2000 miles. Eleven telecom companies are involved in a consortium that is buying the PanAmerican cable. This new cable upgrades the original cable which was installed 10 years ago in 1999. Due to rising bandwidth requirements, the upgrade will bring modern 10 Gbps wavelengths to the new cable. Its current capacity is 2.5 Gbps.