Most certainly. You don’t land a cable in either the US or France without a classified annex to the license that provides for interconnection to their intelligence services.
Forget encryption every second so much data passes through at a time can they even isolate particular data let alone encrypted data. Can they process all that data in real time if not how are they storing it to process later. This is just 1 cable from 1 company there are now dozens of cables of different companies.