Government announcements or Meta's official statements confirming regulatory approvals

Meta Plans $10B Global Subsea Cable

Nov 29, 2024, 12:25 PM

Meta Platforms Inc. is reportedly planning to invest $10 billion in constructing a subsea cable that will span the globe. The cable, expected to be over 40,000 kilometers long, aims to enhance internet connectivity worldwide. Meta is anticipated to provide more public details about the project in early 2025, including the intended route, capacity, and the strategic reasoning behind this ambitious infrastructure project.