Chinese state-owned telecom firms, China Telecom, China Mobile, and China Unicom, are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar US-backed project, Reuters reported, citing four. Chinese state-owned telecom firms, China Telecom, China Mobile, and China Unicom, are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar US-backed project, Reuters reported, citing four. State-owned telecom firms in China are developing a $500 million undersea fiber-optic internet cable network to compete with a similar US-backed project, according to four people involved in the deal. The proposed EMA (Europe-Middle East-Asia) cable would connect Hong Kong to China's island. The New Cross Pacific Cable System is a 13000km new generation high capacity fibre-optic submarine cable system across the Pacific Ocean directly connecting the US and Asia with landings in China, Korea, Taiwan, Japan and the US. -backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between.