Reportedly intending to build a 25,000-mile (40,000-kilometer fiber-optic subsea cable costing more than $10 billion is Meta Platforms (META, Financial), Tech Crunch said Friday.
Sources close to Meta verified the project is in its early phases and will be exclusively owned and run by the business. The cable is meant to offer a worldwide dedicated data traffic network, therefore improving Meta's infrastructure capacities.
Sunil Tagare, a subsea cable specialist who first revealed Meta's intentions in October, first estimates a starting budget of $2 billion, but as the project develops, expenditures are projected to surpass $10 billion.
Proposed to extend from the U.S. east coast to India via South Africa and back to the U.S. west coast via Australia, the cable creates a "W" form. Plans have been developed; no actual assets are in place, and Meta has not yet commented on the budget. Early 2025 should bring further specifics about the project. This expenditure would fit the internet behemoth's plan to grow its worldwide infrastructure to meet rising data needs from its platforms.
