Business
Zukerberg’s Meta eyes $10 billion Subsea cable project to transform global connectivity
Mark Zuckerberg’s Meta, the parent company of Facebook, Instagram, and WhatsApp, is reportedly planning to invest over $10 billion in a massive subsea cable project spanning more than 40,000 kilometers.
This ambitious undertaking, still in its early stages, would mark the company’s first fully owned and operated subsea cable, according to sources close to the company.
The proposed project shows Meta’s growing focus on securing robust infrastructure to support its platforms, which drive 10% of all fixed and 22% of all mobile internet traffic globally, Techcrunch first reported.
The subsea cable, which insiders say could follow a “W” shape connecting the U.S., India, South Africa, and Australia, represents a milestone for Meta. Industry expert Sunil Tagare, who first reported the plans in October, noted that the initial budget of $2 billion is likely to swell as the project develops.
“It’s a monumental endeavor, not just in terms of investment but also in scope. The limited availability of cable-laying ships and resources could lead Meta to adopt a segmented construction approach,” Tagare said.
While the company has not publicly disclosed its plans, a formal announcement detailing the cable’s route, capacity, and objectives is expected in early 2025.
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