- Alphabet Inc's GOOG GOOGL Google launched Equiano, its new private subsea cable that would connect Africa with Europe.
- Equiano will start in western Europe and run along the West Coast of Africa, between Portugal and South Africa, with branching units to extend connectivity to additional African countries.
- The new cable will help Togo double internet speeds by 2025 and reduce Internet prices by about 14%, Bloomberg reports.
- Togu marked Africa's commercial 5G mobile services debut.
- The cable can offer 20x more bandwidth than any other country in West Africa and help create almost 37,000 new jobs by 2025.
- Price Action: GOOG shares traded higher by 0.83% at $2,714.38 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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