Meta plans a $10 billion global underwater cable project spanning 25,000 miles, which will be solely owned by Meta, TechCrunch reported.

Meta is reportedly planning to build a world-spanning fiber-optic subsea cable for its own exclusive use. According to TechCrunch, the $10 billion project will create a new 40,000+ kilometer (about 24,

Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally. Its properties — and their billions of

Meta plans a massive $10 billion subsea cable network to enhance global connectivity and data control. Read this article to know more!

We recently compiled a list of the 9 AI News Updates That Analysts Are Monitoring. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks analysts are monitoring.

Meta may try and avoid areas where there is geopolitical tension when building the cable, including the Red Sea, the South China Sea, and Egypt.

According to TechCrunch, multiple sources close to Meta have confirmed the initiative. The Facebook parent is no stranger to undersea internet infrastructure: It has already built several submarine internet cables in partnership with other companies.

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

Social media and tech giant Meta (NASDAQ:META) is planning to build a nearly 25,000-mile (40,000-kilometer) fiber-optic subsea cable that will go around the world, and the investment in the project could go over $10B,