Meta intends to make $10B subsea cable spanning the globe, TC reports

Meta intends to construct a new, major, fibre-optic subsea cable extending across the globe, a 40,000-plus kilometer project that could total more than $10B of investment, TechCrunch’s Ingrid Lunden reports, citing sources close to the company. Notably, the Facebook parent would be the sole owner and user of this subsea cable, the author says.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on META:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.