- Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) was building an undersea cable Firmina to connect the U.S., Brazil, Uruguay, and Argentina to bolster internet connection capacity between the regions, the company said in a blog post.
- The cable will run from the United States East Coast to Las Toninas, Argentina, with additional landings in Praia Grande, Brazil, and Punta del Este, Uruguay.
- The cable with 12 fiber pairs will swiftly and safely carry traffic between North and South America, offering fast, low-latency access to Google products like Search, Gmail and YouTube, and Google Cloud services.
- The initiative follows the pandemic-induced growing internet and cloud services demand from higher remote activities.
- Price action: GOOG shares traded higher by 0.48% at $2,494.88 on the last check Wednesday.
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