Facebook and Google to connect the US with Southeast Asia

March 30, 2021
Facebook and Google to connect the US with Southeast Asia

The companies are working together to increase data capacity and improve internet reliability

After it announced last May that it would build a 37K kilometer-long undersea cable around Africa to provide better internet access, Facebook revealed another plan.

Facebook, and Google are planning to lay two subsea cables that will connect the US West Coast to Southeast Asia's biggest economies – Singapore and Indonesia. According to Facebook, the wires will increase the data capacity between the regions by 70%.

The project's cost has not been disclosed, but Google is investing only in Echo, while Facebook is investing in both Echo and Bifrost. "As part of this effort, we're proud to announce that we have partnered with leading regional and global partners to build two new subsea cables — Echo and Bifrost — that will provide vital new connections between the Asia-Pacific region and North America," stated Facebook's Kevin Salvadori and Nico Roehrich. In Asia, they are partnering up with Telin, XL Axiata, and Keppel.

Facebook and Google hope that Echo will be completed by late 2023 and Bifrost by late 2024.

Following the news, Facebook stock price gained almost 2%, while Google lost 0.39%.

Source: cnbc.com

This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.


You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.



This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.

Recently Added

Most Affected Instruments

FACEBOOK
arrow
facebook chart
GOOGLE
arrow
google chart