TIME DotCom and Facebook Invest In Massive Undersea Internet Cable Project

MojoKid writes "This week, TIME dotCom (out of Malaysia) has entered into a construction and maintenance agreement of the Asia Pacific Gateway (APG) submarine cable system connecting Malaysia to Korea and Japan. The APG is a 10,000 km international fibre optic cable system that will link Malaysia to Korea and Japan with seven branches to other Asian countries. The cable system is scheduled to be ready in quarter three of 2014. TIME is leading up the process, but Facebook as well as a few others are joining in by combining $450 million to the cause."