Meta confirms ‘Project Waterworth,’ a global subsea cable project spanning 50,000km

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Meta confirms ‘Project Waterworth,’ a global subsea cable project spanning 50,000km - TechCrunch

Quick Summary:

Back in November, we broke the news that Meta — owner of Facebook, Instagram and WhatsApp, with billions of users accounting for 10% of all fixed and 22% of all mobile traffic — was close to announcing work on a major new, $10 billion+ subsea cable project to connect up the globe.

Other Big Tech companies that are either part owners or capacity buyers in subsea cables include Amazon and Microsoft (neither of which are whole owners of any route themselves).

Previously, we noted that one of the major factors in the market influencing Meta to build its own subsea infrastructure was geopolitics.