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How much will Meta's data services revenue increase by 2026 due to the subsea cable?
3
Resolution / Starting Odds
Revenue increases by less than 10% • 25%
Revenue increases by 10%-20% • 25%
Revenue increases by 20%-30% • 25%
Revenue increases by more than 30% • 25%
Meta's financial reports and earnings calls
Story
Meta to Build $10B, 40,000 km Subsea Cable Connecting U.S., India, South Africa, Australia
Nov 29, 2024, 02:39 PM
Meta Platforms is planning to build a massive $10 billion subsea fiber-optic cable network spanning over 40,000 kilometers around the globe. The project aims to enhance global internet connectivity and support the company's data-intensive services such as Facebook and WhatsApp. Meta currently accounts for 10% of all fixed and 22% of mobile internet traffic. The cable will reportedly connect the U.S. East Coast to India via South Africa, and then to the U.S. West Coast via Australia, forming a "W" shaped route that strategically avoids geopolitical hotspots like the Red Sea. Beginning with an initial $2 billion budget, the investment could total more than $10 billion and supports AI growth. Meta will be the sole owner of this subsea cable, marking its first fully-owned global fiber-optic network. The company is expected to publicly announce more details about the project in early 2025.
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Improve global internet connectivity • 25%
Enhance Meta's data infrastructure • 25%
Support expansion into new markets • 25%
Other • 25%
Improve global connectivity • 25%
Enhance Meta's own data capacity • 25%
Support AI and machine learning infrastructure • 25%
Other • 25%
Yes, by more than 20% • 25%
Yes, by 10-20% • 25%
Yes, by less than 10% • 25%
No, within budget • 25%
Asia-Pacific • 25%
Europe • 25%
Africa • 25%
Americas • 25%
Less than $38.5 billion • 25%
$38.5 billion to $39.5 billion • 25%
$39.5 billion to $41 billion • 25%
More than $41 billion • 25%
Route includes South America • 25%
Route includes Europe • 25%
Route includes Middle East • 25%
None of the above • 25%
Enhancing Facebook connectivity • 25%
Boosting WhatsApp services • 25%
Improving Instagram performance • 25%
General internet infrastructure • 25%
2026 • 25%
2027 • 25%
2028 • 25%
2029 or later • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Google • 25%
Amazon • 25%
Microsoft • 25%
No major partners • 25%