Is Google the new Global Crossing?

You know a Web company is getting big when they want their own undersea fiber-optic cable. According to , which appears to be a fairly reputable telecom site, Google is working on a plan with a group of other companies to lay an undersea cable to provide dedicated bandwidth between the U.S. and Asia. The perfect addition to the more than 35 massive, power and bandwidth-gobbling server farms the company runs.
a report at CommsDay

Google’s involvement in this “Unity cable,” as it’s being called, would make plenty of sense. According to various reports, there is a glut of cable-laying ships, so a cable could be laid without costing too much — and owning a chunk of that bandwidth would give Google over Microsoft and Yahoo, the same rationale that has been given for buying all that “dark fiber” that the company has been accumulating.

a cost advantagereportedly

So yes, it makes sense. But it still reminds me of Global Crossing, one of the stars of the late 1990s that eventually became one of in U.S. history, with $12-billion in outstanding debt (the company was eventually acquired by Singapore Technologies).

the largest bankruptcies

Is Google in any danger of suffering the same fate? Unlikely. Global Crossing over-spent its way into debt, and made outlandish claims about the future demand for undersea bandwidth (claims which everyone agreed at the time were completely rational, of course). Google appears to simply be looking at buying a stake in . But it still makes me nervous 🙂

one such cable