Facebook and Microsoft want to run a giant undersea cable from Virginia to Spain

Facebook and Microsoft are taking their quest for faster internet to the bottom of the Atlantic Ocean. The two tech giants have announced that they're planning to start construction on a giant underwater fiber optic cable in August that will span from Virginia Beach to Balboa, Spain — a distance of more than 4,000 miles. The cable is set to be "the highest capacity link across the Atlantic," The Wall Street Journal reports.
In a joint statement Thursday, Microsoft and Facebook said the cable will make bandwidth rates faster and increase reliability of cloud services like Skype, Xbox Live, photo sharing, and live video broadcasting. The cable will handle up to 160 terabytes per second. That's roughly 8.5 million times the average home internet speed in the UK, The Independent reports.
Construction is set to be completed by October 2017.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Frauds: ‘fantastically stylish’ crime heist caper is a ‘triumph’
The Week Recommends Suranne Jones and Jodie Whittaker play a pair of ex-cons planning one last job
-
The struggles of Aston Martin
In the Spotlight The car manufacturer, famous for its association with the James Bond franchise, is ‘running out of road’
-
The end of ‘golden ticket’ asylum rights
The Explainer Refugees lose automatic right to bring family over and must ‘earn’ indefinite right to remain
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits