<ul><li>Meta Platforms Inc. plans to spend more than $10 billion on a submarine internet cable that will circle the globe.</li><li>The cable will span over 24,850 miles from the East Coast to the West Coast with stops in South Africa, India, and Australia.</li><li>Meta will finance the project in phases, and the first segment is estimated to cost $2 billion.</li><li>The specialized cable ships used in such projects are fully booked, so the completion of the cable is expected to take years.</li></ul>

Report: Meta to spend $10B+ on 25,000-mile submarine internet cable

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