Exclusive: China Plans $500 Million Subsea Internet Cable to Rival U.S.-Backed Project

FDQ5CSTBLNPLHLMNW3YMW7JCYU

SINGAPORE, April 6 (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet.

More News & Insights

Screenshot 2024 02 26 At 12.58.14

US vetoes UN resolution calling for immediate ceasefire in Gaza after proposing a temporary halt in fighting

The United States has vetoed a resolution at the United Nations calling for an immediate ceasefire in Gaza, an anticipated move that, while supportive of Israel, comes amid signs of American…

Screenshot 2024 02 26 At 12.56.14

U.S. charges yakuza leader with trying to sell nuclear material to Iran

A Japanese yakuza boss sought to sell nuclear material to an undercover U.S. law enforcement agent who was posing as an associate of an Iranian general, U.S. prosecutors said Wednesday. It was…

Screenshot 2024 02 26 At 12.53.49

Kyiv has right to strike Russian targets ‘outside Ukraine’, says Nato chief

Ukraine has the right to strike “Russian military targets outside Ukraine” in line with international law, the Nato secretary-general has said for the first time since the start of the…

Receive BENS news and insights in your inbox.