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Meta plans to build a $10B subsea cable spanning the world, sources say
Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally. Its properties — and their billions of
TechCrunch has confirmed with sources close to the company that Meta plans to build a new, major, fibre-optic subsea cable extending around the world — a 40,000+ kilometer project that could total more than $10 billion of investment. Meta, like Google, also plays up the lift it has provided to regions by way of its subsea investments, claiming that projects like Marea in Europe and others in Southeast Asia have contributed more than “half a trillion dollars” to economies in those areas. Yet there is a more pragmatic impetus for these investments: tech companies — rather than telecoms carriers, traditional builders and owners of these cables — want to have more direct ownership of the pipes needed to deliver content, advertising and more to users around the world.
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