A recent wave of new submarine cable builds and upgrades to existing cable systems has brought an influx of submarine cable capacity to many historically high cost markets, including Africa, the Middle East, Southern Asia, and Latin America, TeleGeography reports.
New cable builds in Asia have greatly increased both supply and competition in the region, driving down prices. Median lease prices for a 10 Gbps wavelength between Los Angeles and Tokyo fell 35 percent between Q1 2011 and Q1 2012, and at a compounded rate of 33 percent between Q1 2009 and Q1 2012.
Prices of 10 Gbps wavelengths between Hong Kong and Singapore fell 10 percent between Q1 2011 and Q1 2012, to $43,935 per month, and declined at a compounded 31 percent annually between Q1 2009 and Q1 2012.
10 Gbps Median Monthly Lease Prices, Q1 2012 
Source: TeleGeography
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