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Six of the world's largest telecommunications companies are reported to have completed the construction of a high-speed undersea telecommunications cable system across the Pacific. The fiber-optic cable, called Trans-Pacific Express, will directly link the U.S., China, South Korea and Taiwan, according to the Dow Jones news service. Verizon, one of the partners in the project, has said that the new cable system would be able to handle the equivalent of 62 million simultaneous phone conversations. This would be more than 60 times the overall capacity of China-U.S. existing cable, capable of handling equivalent of 1 million simultaneous phone conversations.

Read full story: CNN Money

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