tiprankstipranks
Meta intends to make $10B subsea cable spanning the globe, TC reports
The Fly

Meta intends to make $10B subsea cable spanning the globe, TC reports

Meta intends to construct a new, major, fibre-optic subsea cable extending across the globe, a 40,000-plus kilometer project that could total more than $10B of investment, TechCrunch’s Ingrid Lunden reports, citing sources close to the company. Notably, the Facebook parent would be the sole owner and user of this subsea cable, the author says.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App