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Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally. Its properties — and their billions of users — account for 10% of all fixed and 22% of all mobile traffic.

Meta is expected to annoounce its plan to lay over 25,000 miles of fiber optic cables under the sea, which could cost more than $10 billion next year.

Social media and tech giant Meta (NASDAQ:META) is planning to build a nearly 25,000-mile (40,000-kilometer) fiber-optic subsea cable that will go around the world, and the investment in the project could go over $10B,