On Friday last our sister publication, Communications Day, scooped the world with the exclusive revelation that the giant search-engine company Google plans to form a trans-Pacific cable consortium.

Over the weekend, the story attracted a great deal of US media attention after Google stock hit an all-time high in the hours after Commsday broke the news.

Google is now valued at US$174 billion and thus accounts for more than half of the total $330 billion market capitalisation of American-listed internet information providers, easily outdoing the next largest in its sector – Yahoo - that is valued at just US$35 billion. Like it or loathe it, Google is truly corporate phenomenon, and is worth in excess of US$50 billion more than the world’s most valuable telco, Verizon.

One of the best things about having a story hit the US tech blogosphere is the instant feedback mechanism it provides - so as our article was cited by the likes of the New York Times, Techcrunch, Slashdot and Broadband Reports’ websites there is no shortage of reader and blogger comments on what it all means.

Full article: telecomtv.com 

Labels: bandwidth, broadband, cable, Communications