Loading...
Market
Story
Meta Plans $10 Billion, 40,000 km Subsea Cable to Boost Connectivity and Support AI
Nov 29, 2024, 12:48 PM
Meta Platforms Inc. plans to build a $10 billion subsea fiber-optic cable spanning over 40,000 kilometers around the world, according to sources familiar with the matter. The project, which begins with an initial $2 billion budget, aims to enhance global internet connectivity and support Meta's services, including Facebook and WhatsApp, as well as the company's artificial intelligence growth. Meta, which accounts for 10% of all fixed and 22% of mobile internet traffic, intends to bolster data capacity with this endeavor. The proposed cable, designed to be W-shaped to strategically avoid geopolitical hotspots, is expected to connect the U.S. East Coast to India via South Africa and then link back to the U.S. West Coast through routes in Asia and Australia. Meta is expected to publicly announce more details about the project, including the intended route and capacity, in early 2025.
View original story
Similar markets
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%
Yes • 50%
No • 50%
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%
Yes • 50%
No • 50%
Google • 25%
Amazon • 25%
Microsoft • 25%
No major partners • 25%