07:14 AM EDT, 04/11/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google Cloud said in a blog post that it will invest $1 billion in digital connectivity to Japan to support Google's ( GOOG ) Japan Digitization Initiative and improve digital connectivity between the US, Japan and other Pacific Island territories.

The investment will fund the expansion of Google's ( GOOG ) Pacific Connect initiative, which covers Australia and French Polynesia, and the addition of two new subsea cables to establish new fiber-optic routes between the US and Japan, the company said.

Google Cloud said it will collaborate with partners such as KDDI, ARTERIA, Citadel Pacific, and the Commonwealth of the Northern Mariana Islands on the planned subsea cables.

No timeline was disclosed for the initiative.

Price: 157.06, Change: -0.6, Percent Change: -0.38