Lord Young looks at the Jason project
their top man on the Island this week.
Executive chairman of the Worldwide Cable and Wireless Group, Lord Young was impressed with everything he saw in the Island, apart from yesterday's weather.
Lord Young was in Bermuda to check out the impressive Jason Project, which has been backed by Cable and Wireless to the tune of $420,000.
The project is an educational programme where youngsters throughout the world are linked by fibre-optics, satellite and microwave technology to a deep sea research team in Mexico.
It is an exciting method of learning first-hand about some of the wonders of nature hardly ever seen before.
Lord Young, the former British Trade and Industry Secretary, will attend the Jason Project in Bermuda, at the Biological Station for Research tonight.
And he was excited at the prospect of talking to top scientist Dr. Bob Ballard on his boat in the Sea of Cortez.
Lord Young said: "It does a whole number of new things to help the education of young people. It encourages them to think about science and particularly biology.
"It involves the 2,500 young people in Bermuda in a classroom of half a million, and allows them to look 7,000 feet under the sea.'' Lord Young said his involvement with the enormous Cable and Wireless group was not an awesome return to the business world after 10 years away in Margaret Thatcher's Government, because of his previous business work.
He said that Cable and Wireless were different to most telecommunications groups having set up abroad 100 years ago, and only really moving into Britain, their home base, a decade ago.
He said that in 1981-2 prior to privatisation Cable and Wireless had made 68 million pounds, whereas the last figures show that figure now to be 800 million pounds.
Lord Young said: "It has risen 12 times in 12 years showing the state of the growing telecommunications industry worldwide.'' He said that Bermuda was different to many other countries in the world where the telecommunications system was run by one company. He said that in Bermuda they had a half share of the market.
The chairman said the Island has all the high technology equipment that Cable and Wireless can provide and were well served with two fibre optic cables coming into the Island.
TOP MAN -- Cable and Wireless Executive Chairman Lord Young.