Major indices finish lower amid GE earnings disappointment >>> READ MORE

Google to Invest $300M in ‘Faster’ Underwater Cable in Pacific Ocean

The underwater cable will be finished in 2016


Google (GOOG) is investing $300 million in an underwater cable from the West Coast of the United States to Japan.

google-googThe underwater cable, which is called Faster, will be able to transfer information at 60 terabits a second. The cable will connect two coastal locations in Japan with several cities that lie along the West Coast, reports ABC News.

Construction on Faster is set to start immediately and is planned to be finished by Q2 of 2016. The cable will be faster than UNITY, another cable that Google funded that crosses the Pacific Ocean. UNITY was set up in 2010 and carries information across the ocean at 7.68 terabits per second, ABC News notes.

Facebook has also invested in underwater cables. The social media website bought a stake in a $450 million project named the Asia Pacific Gateway. The project is meant to connect Malaysia, South Korea, Japan, Singapore, Hong Kong and China, reports Forbes.

More Google (GOOG) News

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC