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Microsoft, Facebook to jointly build transatlantic subsea cable
A Microsoft logo is seen on an office building in New York City in this July 28, 2015 file photo.
Reuters/Mike Segar/Files - RTSFWF8
Microsoft Corp and Facebook Inc have agreed to jointly build a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services.
The construction of the new "MAREA" cable will begin in August and it is expected to be completed in October 2017, the companies said in a statement on Thursday.
(Reporting by Kshitiz Goliya in Bengaluru; Editing by Kirti Pandey)
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