(Telecompaper) A consortium of six global companies announced that they have signed commercial agreements to build and operate a new Trans-Pacific cable system to be called 'FASTER'. NEC will be the system supplier for the FASTER cable network to connect the US with two landing locations in Japan. The consortium estimates total investment in the cable system to reach nearly USD 300 million. The consortium is comprised of China Mobile International, China Telecom Global, Global Transit, Google, KDDI and SingTel. The cable system should be ready for service during the second quarter of 2016.