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The news from Southern Cross/Ciena is important in several ways. First, it shows the growing demand for subsea infrastructure. This is very important because 99% of the world's internet traffic goes through submarine cables, and Ciena expects this market to grow at around 40% per year in the near future. Submarine cables are certainly an area that is increasingly being driven by hyperscalers. Google, Amazon Web Services, Microsoft (Nasdaq: MSFT), and Facebook/Meta Platforms (Nasdaq: META) are among the largest sponsors of submarine cable projects around the world.  Ciena project also demonstrates a growing list of requirements for advanced optical switching. Intelligence, mesh networks, and advanced coherent optics are prerequisites for the high-speed networks that will carry Internet traffic in the future.  The collaboration between Ciena Networks and Southern Cross NEXT is a step toward owning a piece of that future. This marks a victory for the company over rivals ...

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