The state intends to build a fast, high-quality and cyber-secure connection to European and global networks from Finland to Germany via an underwater fibre optic cable. The cable is to ensure international telecommunications between East and West and support the growth of Finland’s digital economy and the industrial internet. The Cabinet Committee on Economic Policy discussed the data cable project in its meeting today, 11 December.

See:
New data cable to make Finland’s one of the world’s most attractive ICT regions.

Update: 

08/2015 Permission approved by Finnish government

Documents about the cable,

“Cinia Group Oy, Sea Lion / merenalainen valokuitukaapelijärjestelmä”