CANTAT-3
This cable, which runs from Nova Scotia via Iceland and the Faroes to Northern England, Denmark and Germany, came into operation late in 1994. It offers (2+1)*2.5 Gbps of PDH capacity, and still represented a significant fraction (some 25%) of the total North Atlantic capacity during the period 1996-97. Teleglobe Canada is the dominant owner, but the management is formally via a normal carrier consortium. While searching on the Web, I discovered that Teleglobe paid for its (major) share of CANTAT-3 out of its operating budget in 1994 and 1995!