Meta plans to build a $10B subsea cable spanning the world, sources say
Portfolio Pulse from
Meta, the parent company of Facebook, Instagram, and WhatsApp, plans to build a $10 billion subsea cable to enhance global internet connectivity. This move underscores Meta's significant role in global internet usage, accounting for a substantial portion of both fixed and mobile traffic.
November 29, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Meta is planning to invest $10 billion in a subsea cable project to enhance global internet connectivity, reinforcing its position as a major driver of internet traffic.
The $10 billion investment in a subsea cable project by Meta is a significant move to enhance global internet infrastructure. This project aligns with Meta's strategy to support its platforms, which account for a large share of global internet traffic. The investment is likely to be viewed positively by investors as it could lead to improved service delivery and user experience, potentially driving more engagement and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100