Chinese developer backs Google, Facebook trans-Pacific cable

Thursday 16 March 2017 | 09:53 CET | News
Chinese real-estate developer Wei Junkang is financing Google's and Facebook's new trans-Pacific internet cable. The project will be majority-owned by the Chinese company, The WSJ reports. Junkang is the main financier of the cable between Los Angeles and Hong Kong. As part of the USD 500 million project, Google and Facebook will deploy "the world's highest-capacity internet link" between Asia and the US.

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Categories: Fixed
Companies: Facebook / Google / TE SubCom
Countries: Asia / United States / World
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