TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Finnish Authorities Seize Russian Cargo Liner After Suspected Undersea Telecom Cable Sabotage: Report

Benzinga Logo Benzinga By Badar Shaikh
Finnish Authorities Seize Russian Cargo Liner After Suspected Undersea Telecom Cable Sabotage: Report

Finnish authorities seized the Russian cargo ship 'Fitburg' on suspicion of sabotaging undersea telecommunications cables between Finland and Estonia. The ship was dragging its anchor in the Gulf of Finland, damaging a cable belonging to Finnish telecoms group Elisa. Estonian President Alar Karis expressed concern about the incident, though authorities have not confirmed if it was deliberate. Both nations are NATO members and allies of Ukraine.

Insights
MGRD   neutral

The company is making a routine financial adjustment to its convertible securities based on quarterly dividend payments, which indicates standard corporate financial management without significant positive or negative implications


ELMUY   negative

Elisa's undersea telecommunications cable was damaged in the suspected sabotage incident, potentially affecting service reliability and requiring costly repairs and investigation.