Meta is reportedly planning a $10 billion, globe-spanning subsea internet cable

Meta is said to be planning a fiber-optic subsea internet cable that will span the world and could cost north of $10 billion. The project, which was originally reported by subsea cable expert Sunil Tagare, could be formally announced early next year. However, sources linked to Meta told TechCrunch that the project is in the early stages.

Only a few contractors would be capable of building out that infrastructure and many are tied up with commitments to other customers. If the project does come to fruition, it’s likely to take several years before the cable is laid and switched on.

Meta is said to be the part-owner of more than a dozen subsea networks but this would be the first one that it owns and operates entirely. Google has a few of its own, though Amazon and Microsoft don't have any dedicated cables and are part ...