Meta Platforms (META, Financials) plans to build a 25,000-mile subsea fiber-optic cable to enhance its global data traffic capabilities, TechCrunch said Friday, citing sources privy to the matter.
Sources close to the business indicate that the projected $10 billion project is still in early phases.
Meta will be the only proprietor of the infrastructure as she would entirely own the cable. Meta owns sixteen subsea cables right now in part. Like Google (GOOG, Financials), which has 33 subsea lines, the new initiative will be its first totally owned system.
Forming a "W" shape worldwide, the projected cable will go from the east coast of the United States to India via South Africa and from India to the west coast of the United States via Australia. Meta is supposed to provide further specifics early in 2025.
First covering Meta's ambitions, industry expert Sunil Tagare observed that while the initial expenditure is set at $2 billion, as the project develops it may reach $10 billion. Supporting data flow on Meta's assets is the aim, therefore maybe avoiding areas of geopolitical danger.
Though none totally controls any routes, unlike Google and Meta, Amazon.com Inc. (AMZN, Financials) and Microsoft (MSFT, Financials) also have interests in several undersea cable networks.
Initiated from Meta's South African business, the project Once finished, the subsea cable is supposed to provide Meta with its own dedicated channel for worldwide data. Though specifics remain hypothetical, sources also suggested likely uses for artificial intelligence research in India.
