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Faster Internet Coming To Africa With Facebook's $1 Billion Cable (bloomberg.com) 27

Facebook and some of the world's largest telecom carriers including China Mobile are joining forces to build a giant sub-sea cable to help bring more reliable and faster internet across Africa. From a report: The cost of the project will be just under $1 billion, according to three people familiar with the project, who asking not to be identified as the budget hasn't been made public. The 37,000-kilometer (23,000 miles) long cable -- dubbed 2Africa -- will connect Europe to the Middle East and 16 African countries, according to a statement on Thursday. The undersea cable sector is experiencing a resurgence. During the 1990s dot-com boom, phone companies spent more than $20 billion laying fiber-optic lines under the oceans. Now tech giants, led by Facebook and Alphabet's Google, are behind about 80% of the recent investment in transatlantic cable, driven by demand for fast-data transfers used for streaming movies to social messaging.
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Faster Internet Coming To Africa With Facebook's $1 Billion Cable

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