Microsoft and Facebook to build an subsea cable across the Atlantic Ocean
MENLO PARK, Calif. and REDMOND, Wash., May 26, 2016 /PRNewswire/ -- Today, Microsoft (NASDAQ "MSFT" @microsoft) and Facebook (NASDAQ: FB) announced an agreement to build a new, state-of-the-art subsea cable across the Atlantic. The new "MAREA" cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers. The parties have cleared conditions to go Contract-In-Force (CIF) with their plans, and construction of the cable will commence in August 2016 with completion expected in October 2017.>
Better ping US <-> Spain!