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Which region will Meta's subsea cable primarily target by April 30, 2025?
2
Resolution / Starting Odds
Asia-Pacific • 25%
Europe • 25%
Africa • 25%
Americas • 25%
Meta's official press releases or reputable tech news coverage
Story
Meta Plans First Fully-Owned $10 Billion, 40,000 km Subsea Cable to Boost Data Capacity
Nov 29, 2024, 12:30 PM
Meta Platforms Inc. plans to build a new subsea fiber-optic cable spanning more than 40,000 kilometers around the globe, according to sources confirmed by TechCrunch. The project, expected to cost over $10 billion, aims to boost global data capacity and connectivity. This marks Meta's first fully-owned subsea cable initiative. The company, responsible for 10% of all fixed and 22% of mobile internet traffic, is expected to disclose more details in early 2025, including the intended route, capacity, and reasoning behind the project.
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Similar markets
Route includes South America • 25%
Route includes Europe • 25%
Route includes Middle East • 25%
None of the above • 25%
Increase in U.S. traffic • 25%
Increase in Indian traffic • 25%
Increase in South African traffic • 25%
Increase in Australian traffic • 25%
India • 25%
South Africa • 25%
Australia • 25%
United States • 25%
Improve global internet connectivity • 25%
Enhance Meta's data infrastructure • 25%
Support expansion into new markets • 25%
Other • 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%
Google • 25%
Amazon • 25%
Microsoft • 25%
No major partners • 25%