StockNews.AI
META
Business Insider
6 days

Meta is reportedly building a $10 billion underwater cable that will circle the globe

1. Meta plans a $10 billion underwater cable project spanning 25,000 miles. 2. Project aims for sole ownership, avoiding geopolitical tensions in key areas. 3. Route includes US East Coast to India, with stops in South Africa and Australia. 4. Project completion may take years due to limited cable-pulling resources. 5. Strategic placement avoids high-risk areas known for cable damage.

4 mins saved
Full Article

FAQ

Why Bullish?

This project could enhance connectivity, potentially boosting Meta's service adoption and growth, similar to how Google benefited from its cable investments.

How important is it?

The article discusses significant investment in infrastructure which could affect Meta’s operational capabilities and market potential.

Why Long Term?

The project's completion and capacity benefits will unfold over several years, echoing past infrastructure projects.

Related Companies

Related News