Technology
06 April 2023, 3:26 pm 1 minute
Reuters exclusively reported that 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. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet.
Market Impact
The China-led EMA project is intended to directly rival another cable currently being constructed by U.S. firm SubCom LLC, called SeaMeWe-6 (Southeast Asia-Middle East-Western Europe-6), which will also connect Singapore to France, via Pakistan, Saudi Arabia, Egypt, and half a dozen other countries along the route.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Telecommunications
Regions: AsiaEurope / Middle East / Africa
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
