TIME dotCom, Facebook and others invest in massive undersea internet cable project
The Internet has been said to be just one big series of tubes. Accurate? In fact, yes, it is. But data doesn’t just flow around the globe without a medium to travel through, and most users take the undersea cabling necessary to make it happen for granted. Now, thanks to a little company called Facebook, we’re hearing a bit more about it. 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. APG is geographically well spread to bridge international capacity hubs such as Japan, Hong Kong, Singapore, Taiwan and Korea as well as connecting emerging markets such as Vietnam and China where demand for capacity is multiplying yearly.
undersea cables are big business..this is why we find people like peter thiel involved..and he would be again..as facebook invests in it..yes facebook..and we know thiel is in that up to his eyeballs..