Google To Run Undersea Internet Cables To Pacific Islands In Australia-US Deal
Portfolio Pulse from Charles Gross
Google has entered into a deal with Australia and the US to run undersea internet cables to Pacific Islands. This move is expected to boost internet connectivity in the region.
October 25, 2023 | 9:09 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) could potentially benefit from Australia's involvement in the deal to run undersea internet cables to Pacific Islands.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian equity market. Australia's involvement in the deal to run undersea internet cables to Pacific Islands could potentially have a positive impact on the Australian economy and, by extension, the performance of EWA.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Google's deal to run undersea internet cables to Pacific Islands could potentially increase its user base and revenues in the long term.
Google's deal to run undersea internet cables to Pacific Islands is directly related to its core business of providing internet-based services. This could potentially increase its user base in the region, leading to increased revenues in the long term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Google's parent company, Alphabet Inc., could see potential benefits from Google's deal to run undersea internet cables to Pacific Islands.
As the parent company of Google, Alphabet Inc. stands to benefit from any positive developments in Google's business. The deal to run undersea internet cables to Pacific Islands could potentially increase Google's user base and revenues, which would be beneficial for Alphabet Inc.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100