Meta, the parent company of Facebook, Instagram, and WhatsApp, accounts for a significant portion of global internet traffic, with its platforms driving 10% of fixed and 22% of mobile usage. To support its growing business, especially with investments in artificial intelligence, Meta plans to build a major subsea fibre-optic cable network spanning over 40,000 kilometers. This $10 billion project will be fully owned and used by Meta, marking a first for the company in terms of infrastructure control. The project is still in its early stages, with an initial budget of $2 billion expected to increase over time. Meta is expected to share more details about the cable's route, capacity, and purpose in early 2025. Continue here.
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