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

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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.

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