Facebook Will Bring Expanded Internet Access to Africa in $1 Billion Project

Facebook (NASDAQ: FB) recently partnered with several of the world's top telecom companies to build a subsea internet cable to improve internet access across Africa. The cable, called 2Africa, will be 37,000 kilometers (23,000 miles) long and link 16 African countries to Europe and the Middle East. The project will reportedly cost nearly $1 billion, according to Bloomberg, and the costs will be shared with two of Africa's biggest wireless carriers, MTN Group and Telecom Egypt, as well as European telcos Vodafone and Orange, China's top telco China Mobile, and Nokia's Alcatel Submarine Networks.