What do you do when you must put capital to work?

Invest in an undersea cable system linking Japan to the US like Google!  Six companies are pitching in $300MM for the project, so not much of a capital outlay.  Maybe somebody had a deal quota or there are a whole lot of Powerpoint slides describing how adding bandwidth to the world will help sell more ads.  Regardless, this is a pretty interesting data point on the continued interest in infrastructure shown by Google including the recent 700MHz spectrum auction.

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