Meta, Google Could Be Among Winners As FCC Proposes New Undersea Cable Rules Targeting China Risk

Benzinga06-04 15:29

On Wednesday, the Federal Communications Commission unveiled plans to increase oversight of submarine communications cables, which carry roughly 99% of international internet traffic. Among the ...

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existing limits beyond specific companies to cover technology originating from China and other foreign adversaries, Reuters reported.\nThe proposals could create advantages for large U.S. technology companies, including Meta and Google, both major investors in global cable networks that support cloud computing, artificial intelligence services and rising internet traffic demands.\nThe FCC said companies seeking accelerated approvals for additional cable systems would need to meet stricter security requirements, including safeguards against espionage, stronger data protection measures and enhanced compliance monitoring.\nOperators participating in the fast-track process would also need to avoid equipment considered a security risk.\nMeta and Google did not immediately respond to Benzinga's request for comments.\nThe proposed changes come amid increasing concern in Washington over vulnerabilities in the network of more than 400 subsea cables that power global communications.\nPrice Action: Shares of Meta closed Wednesday up 4.24% at $622.98 and declined 0.60% to $619.25 in after-hours trading. Alphabet's Class A shares closed down 0.79% at $358.99, while Class C shares fell 0.76% to $355.68. Both share classes are slipping further in after-hours trading, according to Benzinga Pro.\nBenzinga Edge Stock Rankings place GOOG in the 94th percentile for Quality, reflecting strong performance across short, medium and long-term metrics.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto Courtesy: Koshiro K On Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640556151","isCrawlerRequest":true}