Facebook, GlobeNet Partnering on South America Submarine Cable Network

Telecom infrastructure provider GlobeNet and Facebook are partnering to build a new submarine cable system connecting parts of South America, they said Wednesday. They said GlobeNet and Facebook will co-own the 2,500-kilometer cable system -- tying Rio de Janeiro and Sao Paulo, Brazil, to Buenos Aires, Argentina, with a branch going to Porto Alegre, Brazil -- and GlobeNet will operate it. They said the cable network should be ready for service in 2020.