The future of undersea Internet cables: Are big tech companies forming a cartel?

Other reasons for new cables include connecting some remote parts of the world that are still reliant on satellites and providing more options to economies that have only one or two cables, because any damage to these cables can cause massive disruptions. The content providers are currently only deploying their cables on major routes, mostly trans-Atlantic and trans-Pacific, to link data centres. Think of the undersea cable network as the new economic trade routes and the commodity in transit as data — arguably the most important commodity of the Information Age.

Source: blog.apnic.net