Crosslake Fibre
Crosslake Fibre is a privately-held network services provider that constructs, owns and operates purpose-built subsea and terrestrial fibre-optic infrastructure across North America and Europe, delivering dark fibre, wavelength capacity and ultra-low latency services to financial exchanges, telecom carriers, hyperscalers and large enterprises.
- Company typePrivate
- Founded2016
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Crosslake Fibre does
Crosslake Fibre is a privately-held international fibre-optic network services provider founded in 2016 and headquartered in Toronto, Canada, with additional offices in New York, London and Paris. The company constructs, owns and operates purpose-built terrestrial and subsea fibre infrastructure connecting key data centre and financial trading hubs across North America and Europe, operating 25+ Points of Presence. It was the first to deploy a submarine fibre-optic cable in the Great Lakes (Lake Ontario, completed 2019, 131 km initial route / 60 km submarine span) and the first new UK-to-France subsea cable in over two decades (CrossChannel Fibre, 550 km Slough-Paris route with 149 km subsea span, live December 2021).
Crosslake's product portfolio spans Dark Fibre, Metered Dark Fibre (a world-first usage-based dark fibre pricing model), Managed Spectrum, Lit Capacity (1Gbps to 400Gbps wavelengths scaling to 800Gbps), Ultra-Low Latency 'Velocity' services for electronic trading, Amplification-as-a-Service (managed inline amplification on long-haul routes) and Terabit Capacity (data-centre-to-data-centre connectivity on the Ciena 6500 platform with WaveLogic 5 Extreme, supporting up to 25Tbps total capacity). The technical edge sits in physically diverse, purpose-built subsea and terrestrial routes engineered for sub-5.5ms round-trip latency between London and Paris, 96 fibre-pair cable counts, and a managed-services layer that shifts operational burden away from the customer. Customers span financial services (TMX, Canadian Securities Exchange, brokerages, market data vendors), telecom operators and carriers (BSO, EXA Infrastructure, euNetworks, RETN, Telehouse), hyperscalers and AI organisations, and large enterprises.
Go-to-market is direct enterprise field sales with in-house customer support and custom engineering; the company does not use resellers or intermediaries. Pricing is quote-based and not publicly disclosed, structured around IRUs, multi-year subscriptions, monthly recurring capacity contracts and the Metered Dark Fibre usage-based model, with a 90-day trial period to de-risk customer onboarding. The company is backed by Tiger Infrastructure Partners (December 2017 investment) and is led by CEO Mike Cunningham, with CCO Fergus Innes and CTO Ben Cooke. Operational geographies are Canada, the United States, the United Kingdom and France.
Crosslake Fibre firmographics
Firmographics- Name
- Crosslake Fibre
- Legal name
- Crosslake Fibre
- Website
- https://crosslakefibre.ca
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Crosslake Fibre is a privately-held network services provider that constructs, owns and operates purpose-built subsea and terrestrial fibre-optic infrastructure across North America and Europe, delivering dark fibre, wavelength capacity and ultra-low latency services to financial exchanges, telecom carriers, hyperscalers and large enterprises.
- Ownership category
- akta.pro rank
Crosslake Fibre industry classification
Industry- Product category
- Telecom Network Infrastructure / Subsea Fibre Connectivity
- NAICS
- Wired Telecommunications Carriers (517111), Wired and Wireless Telecommunications Carriers (except Satellite) (51711), Wired and Wireless Telecommunications (except Satellite) (5171)
- akta.pro primary industry
- Subsea Cable System Owners & Consortia (Wet Plant Investment) (HDAIALAA)
- akta.pro secondary industries
- Cross-Border Terrestrial Fiber Corridors & International Terrestrial Gateways (HDAIALAH), Subsea & Terrestrial Backhaul to Data Centers and Cloud On-Ramps (IX/DC Interconnect) (HDAIALAJ), Wholesale Wavelength, Spectrum & Dark Fiber Providers (IRU/Leases) (HDAIALAI)
Keywords
Where Crosslake Fibre is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices11 records
Markets served
Crosslake Fibre business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Dark Fibre Services: Scalable, secure, diverse dark fibre infrastructure to carrier and enterprise customers. Includes traditional dark fibre leases and the innovative Metered Dark Fibre model that provides usage-based pricing for flexible commercial arrangements.
- Capacity Services (Lit Capacity): Data transport between key data centres and PoPs at 400Gbps, 100Gbps, 10Gbps and 1Gbps line rates. Includes Terabit Capacity for hyperscale requirements with dedicated capacity, consistent latency, and physical route control.
- Spectrum Services: Managed spectrum providing similar benefits to dark fibre while allowing customers to scale from zero to terabits. Customers are responsible for equipment at each end while Crosslake provides amplifiers.
- Colocation Services: IT infrastructure expansion services in secure facilities without requiring customers to build their own infrastructure.
- Amplification-as-a-Service: Managed service handling inline amplification for long-haul dark fibre customers, eliminating customer burden of remote site equipment management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Metered Dark Fibre - Usage-based dark fibre with flexible pay-as-you-grow model |
| Subscription | Multi-year contract | Traditional Dark Fibre - Full dedicated fibre pair access |
| Subscription | Monthly | Capacity Services - 400Gbps, 100Gbps, 10Gbps and 1Gbps transport |
| Hybrid | Pay-as-you-go | 90-Day Trial Period |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Crosslake Fibre product offering
Product offeringCore offering
Crosslake Fibre constructs, owns and operates purpose-built subsea and terrestrial fibre-optic network infrastructure, selling dark fibre, Metered Dark Fibre (usage-based), Managed Spectrum, lit Capacity Services (1–400 Gbps, scaling to 800 Gbps), Ultra-Low Latency routes, Terabit Capacity, Amplification-as-a-Service, and Colocation to enterprise and carrier customers across North America and Europe. Its flagship routes are the Lake Ontario cable (Toronto–New York) and the CrossChannel subsea cable (UK–France), each providing physically diverse, ultra-low-latency connectivity with up to 25 Tbps of total capacity across 96 fibre pairs.
Product overview
Crosslake Fibre is an international network service provider offering a portfolio of physical fibre network infrastructure services. The core offerings include Dark Fibre (dedicated exclusive fibre pairs), Metered Dark Fibre (usage-based dark fibre pricing model), Managed Spectrum, and Lit Capacity services (400Gbps to 1Gbps). These are complemented by specialized services including Ultra-Low Latency/Velocity for financial services, Amplification-as-a-Service for managing inline amplifiers on long-haul routes, and Terabit Capacity for hyperscale bandwidth requirements. The company constructs, owns, and operates its own terrestrial and subsea fibre infrastructure spanning North America and Europe, connecting over 25 PoPs with physically diverse routes between key financial and data centre hubs.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Under 5.5 ms round-trip latency between London and Paris on CrossChannel Fibre
- +5 more outcomes
Companies that use Crosslake Fibre
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Crosslake Fibre technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Crosslake Fibre partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered major, core and strategic.
- Canadian Securities Exchange (CSE)majorCSE selected Crosslake Fibre for a resilient infrastructure network solution for CSE's high-performance, low latency trading platform. The partnership features a state-of-the-art network solution adding resiliency between CSE's data centres in Toronto. The dark fibre route is fully diverse from existing fibre pathways, bolstering redundancy and low latency performance essential for the trading environment. Project was initiated and completed within a stringent timeline.
- RETNmajorRETN launched a new ultra-low latency connectivity route between London and Paris, built on the CrossChannel Fibre system. The 550 km route spans from Slough, bypasses central London, and across the English Channel. This enhances network redundancy and performance for latency-sensitive customers in finance, cloud, and enterprise sectors while strengthening Crosslake Fibre's presence as a key vendor of modern subsea infrastructure.
- euNetworksmajoreuNetworks and Crosslake Fibre formed an exclusive partnership for the CrossChannel Fibre system to deliver ultra-low latency services between London and Madrid, tailored for the financial services community. The partnership gives euNetworks rights to offer dark fibre and latency-optimised connectivity over CrossChannel Fibre, extending the system's reach beyond Paris to Madrid via euNetworks' metro infrastructure.
- EXA InfrastructuremajorEXA Infrastructure secured a single fibre-pair on the CrossChannel Fibre system to interconnect data centres between the UK and France. This adds a modern, high-fibre count, low-latency route to EXA's portfolio, incorporating a 149 km subsea span across the English Channel. Operating since December 2021, EXA leverages this capacity to broaden geographic reach and offer more route diversity.
- CologixcoreCrosslake Fibre established Points-of-Presence at Cologix data centres (TOR1 in Toronto and MTL3 in Montréal). Cologix TOR1 at 151 Front Street is a telecommunications core dense in carriers, cloud providers, and network ecosystems. The partnership provides direct access to Crosslake's high-capacity subsea network spanning across Lake Ontario to New York and Chicago, and enhances Montreal connectivity with access to 350+ networks and 200+ cloud providers.
- TelehousecoreTelehouse and Crosslake Fibre partnered to strengthen digital infrastructure between London and Paris. The partnership utilizes the CrossChannel subsea cable to create high-bandwidth, low-latency routes between data centres in both cities, particularly enhancing the Telehouse Paris campus. The CrossChannel cable delivers round-trip latency of under 5.5 ms.
- CienacoreCrosslake Fibre selected Ciena's 6500 Packet-Optical Platform with WaveLogic 5 Extreme for its CrossChannel Fibre system. The partnership provides advanced optical technology enabling high-capacity, low-latency connectivity with real-time capacity scaling capabilities via MCP and Liquid Spectrum tools. Ciena technology is also used in Terabit Capacity services.
- EquinixcoreCrosslake Fibre partnered with Equinix for the CrossChannel Fibre system, providing subsea cable with Equinix data centre terminations. CrossChannel connects Equinix LD4 in Slough (UK) with Equinix PA7 in Paris, and Crosslake established PoPs at Equinix NY4 and NY11 for Toronto-New York connectivity. This partnership provides strategic access to major financial trading ecosystems.
- Maple Leaf Fibre (Metro Optic, Utilities Kingston)strategicMetro Optic, Crosslake Fibre, and Utilities Kingston collaborated to deliver a next-generation fibre cable system between Montréal and Toronto under the Maple Leaf Fibre initiative. The network comprises a terrestrial route from Montréal through Ottawa to Kingston, coupled with a submarine segment under Lake Ontario to downtown Toronto. The project was expected to be operational in the second half of 2019.
- IT International Telecom Canada Inc.coreIT International Telecom contracted to manage the installation and burial of Crosslake Fibre's 58 km underwater fibre-optic cable beneath Lake Ontario. The installation used vessel C.S. IT Intrepid, planned for July and August 2018, with Ready-for-Service milestone set for October 2018.
- Hexatronic Cables & Interact Systems ABcoreHexatronic contracted to supply a high-fiber-count, double-armored 96-pair ribbon submarine cable for Crosslake's pioneering route between Toronto and Buffalo across Lake Ontario.
- Maritech International LTDcoreMaritech International contracted to construct the HDD (Horizontal Directional Drilling) shore ends at landing points in Toronto and Wilson, NY, using minimal-impact, trenchless methods ideal for urban proximity.
Scale indicators10 records
Recent moves10 records
Expansion highlights6 records
Crosslake Fibre competitors and assessment
Company assessmentBroad incumbents
- Colt Technology Services: Colt owns and operates a fibre network across Europe and Asia, with a strong focus on financial-services and low-latency routes between London and other European centres. Overlaps directly with CrossChannel on London-Paris.
- GTT Communications: GTT provides global Tier 1 IP, wavelength and managed network services across North America and Europe, with fibre assets serving financial and enterprise customers. Competes with Crosslake in capacity and wavelength services on transatlantic corridors.
- Zayo Group: Zayo is a large North American and European wholesale fibre operator with extensive long-haul and metro footprint, including dark fibre and capacity services. Overlaps with Crosslake on the Toronto-NY corridor and major data centre routes, but at much broader scale.
- Lumen Technologies: Lumen operates a global fibre and capacity network spanning North America and Europe, including transatlantic subsea capacity. Comparable wholesale and wavelength offerings, with overlaps on the Toronto-NY and transatlantic routes served by Crosslake.
- Hurricane Electric: Hurricane Electric operates a large global IPv6-native backbone and dense data centre interconnect footprint across North America and Europe. Comparable on bulk transit and capacity services to carriers and content providers, though not focused on subsea cable ownership.
Direct peers
- EXA Infrastructure: EXA Infrastructure operates a pan-European fibre network with owned subsea capacity across the English Channel and North Sea. Directly comparable to Crosslake's CrossChannel French landing and overlap on UK-France corridor; also a Crosslake channel partner.
- euNetworks: euNetworks owns a fibre-based metropolitan and long-haul network across Western Europe, with a focus on low-latency routes for financial services. Directly comparable on European dark fibre and the London-Paris/London-Madrid corridors; exclusive CrossChannel partner.
- Aqua Comms: Aqua Comms owns and operates subsea fibre networks across the North Atlantic (America-Europe Connect-1, AEC-2 / Havfrue). Direct ownership of subsea cables on transatlantic routes, serving carriers and hyperscalers, makes it a close functional peer to Crosslake's CrossChannel and Lake Ontario systems.
- RETN: RETN operates a global network with owned fibre on key European transit routes, including low-latency London-Paris capacity. Directly comparable on UK-France subsea and trading-corridor dark fibre; an existing Crosslake channel partner.
- BSO (Netskope): BSO built a global network serving capital markets, trading and low-latency connectivity between major financial hubs. Compares on the Toronto-NY corridor and target customer base - BSO is both a Crosslake customer and a functional peer for low-latency route services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Crosslake Fibre social profiles
Digital presenceCrosslake Fibre financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crosslake Fibre leadership team
Management profileNumber of profiles
Profiles3 records
Crosslake Fibre funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crosslake Fibre M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crosslake Fibre
What does Crosslake Fibre do?
Crosslake Fibre constructs, owns and operates purpose-built subsea and terrestrial fibre-optic network infrastructure, selling dark fibre, Metered Dark Fibre (usage-based), Managed Spectrum, lit Capacity Services (1–400 Gbps, scaling to 800 Gbps), Ultra-Low Latency routes, Terabit Capacity, Amplification-as-a-Service, and Colocation to enterprise and carrier customers across North America and Europe. Its flagship routes are the Lake Ontario cable (Toronto–New York) and the CrossChannel subsea cable (UK–France), each providing physically diverse, ultra-low-latency connectivity with up to 25 Tbps of total capacity across 96 fibre pairs.
Is Crosslake Fibre a public or private company?
Crosslake Fibre is a private company. It is classified as private equity controlled and is currently operating.
When was Crosslake Fibre founded?
Crosslake Fibre was founded in 2016. It employs 1 to 10 people.
Where is Crosslake Fibre based?
Crosslake Fibre is headquartered in Toronto, Canada, in the North America region.
How does Crosslake Fibre make money?
Five revenue lines are on record. Dark Fibre Services are the primary driver. The others are capacity Services (Lit Capacity), spectrum Services, colocation Services and amplification-as-a-Service.
Who are Crosslake Fibre's main competitors?
Broad incumbents on record are Colt Technology Services, GTT Communications, Zayo Group, Lumen Technologies and Hurricane Electric. Direct peers are EXA Infrastructure, euNetworks, Aqua Comms, RETN and BSO (Netskope).
Does Crosslake Fibre have an API?
No public API is recorded for Crosslake Fibre.
What industry is Crosslake Fibre in?
Crosslake Fibre's product category is Telecom Network Infrastructure / Subsea Fibre Connectivity. Its primary akta.pro industry code is HDAIALAA, Subsea Cable System Owners & Consortia (Wet Plant Investment), with a secondary code of HDAIALAH, Cross-Border Terrestrial Fiber Corridors & International Terrestrial Gateways. Its NAICS code is 517111.