Google Inc (NASDAQ GOOGL) has struck a $300 million deal with five Asian telecom companies to develop and implement a trans-Pacific cable that will connect Japan and the United States undersea. The submarine cable has a name: FASTER. And it’ll be built as soon as possible – construction will commence immediately, according to NEC Corp (TYO 6701), the system supplier for the line. FASTER is expected to be fully operational by second-quarter 2016.

TechCrunch notes that Google’s choice of U.S. cities will put FASTER close to the company’s data center in The Dalles, Ore., which will give that facility a better connection to Japan.

FASTER will reach initial speeds of up to 60 terabytes per second (TB/s). By comparison, Comcast internet typically operates at 50 megabytes per second (MB/s). One gigabyte (GB) is equivalent to 1,024 MB, and one TB is equivalent to 1,025 GB. That means FASTER will be 60,000,000 times faster than Comcast internet.

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As Google continues to push the envelope with forward-thinking investments like FASTER, Google stock – and its investors, will reap the benefits.

“Given Google’s widespread initiatives in things like fiber and wearable tech, I believe Google is really a bunch of companies. Ultimately the value is going to get unlocked down the line in a series of spin-offs – or even an antitrust suit,” Money Morning Chief Investment Strategist Keith Fitz-Gerald said in July. “Google stock is a long-term buy for sure if investors have the stomach and the wallet for it.”

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Google senior vice president of technical infrastructure Urs Hölzle posted the announcement on Google+ on Monday morning:

“At Google we want our products to be fast and reliable, and that requires a great network infrastructure, whether it’s for the more than a billion Android users or developers building products on Google Cloud Platform. And sometimes the fastest path requires going through an ocean. That’s why we’re investing in FASTER, a new undersea cable that will connect major West Coast cities in the US to two coastal locations in Japan with a design capacity of 60 Tbps (that’s about ten million times faster than your cable modem).”

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