United Kingdom
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Not sure its have to. Vs being cheaper. Lets face it land above sea level has more value to humans then that below.
Placing cables on the sea floor by ship is there fore likely cheaper then building pilons or digging wires via wanted land.
Not to mention the the owner of the under sea land around the UK, is one person. As opposed to negotiating with multiple parties.
From what I've read previously, it's not cheaper in terms of the material cost, but yes, the property rights. Why it's such an issue at the border, I'm not sure.