- Looking to limit costs, improve performance, and guarantee capacity and performance, Google (GOOG), Facebook (FB) and other tech giants have been investing much time and money in Internet infrastructure.
- This includes helping to fund submarine and underground cables, leasing "dark fiber" (unused optical fiber), and building their own networking hardware.
- Google now controls over 100,000 miles of cable around the world, well above Sprint's network of under 40,000 miles.
- Amazon (AMZN) and Microsoft (MSFT) have also been investing heavily in Internet infrastructure as they look to support their cloud-computing services.
- However, the telecom carriers aren't happy, fearing that they'll be reduced to providing "dumb pipes" and being, in the words of Windstream (WIN) CEO Jeff Gardner, "just a construction company."
Tech giants invest heavily in Internet infrastructure
Dec 17 2013, 03:34 ET