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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.

Google Inc (NASDAQ GOOG) News: GOOG Stock

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.”

[grabpress_video guid=88c06dc131cc17af2d44380f021dfcbd8247351c embed_id=2151919]

Google Inc Financial News (NASDAQ GOOG)

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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