May 26, 2016 / 5:21 PM / a year ago

Microsoft, Facebook to jointly build transatlantic subsea cable

May 26 (Reuters) - Microsoft Corp and Facebook Inc have agreed to jointly build a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services.

The construction of the new "MAREA" cable will begin in August and it is expected to be completed in October 2017, the companies said in a statement on Thursday. (Reporting by Kshitiz Goliya in Bengaluru; Editing by Kirti Pandey)

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