Google will lay three undersea cables in Papua New Guinea (PNG). Australia funds the $120 million project.
The initiative aims to create a more resilient digital backbone for the Pacific nation. It falls under the Pukpuk mutual defense treaty between PNG and Australia.
The project reinforces Alphabet’s strategy to own and expand global connectivity infrastructure. This expansion supports the long-term growth of its Cloud, YouTube, and AI services.
The market classifies the investment as a long-duration strategic asset. It is not viewed as a near-term financial catalyst.