An economic moat refers to a company's ability to maintain competitive advantages to protect its long-term profits and market share from competitors (Investopedia).
Who owns the Internet? You can read the full article here. Excerpt:
"The world’s biggest owner of cables is a household name, at least to Americans – it’s AT&T, which has a stake in around 230,000 kilometres of international internet cabling, or around one sixth of the total. But looking at others in the top ten reveals why both Big Tech and Western governments are starting to pay the apparently dull issue of cable ownership more attention: in second place is China Telecom, while Chunghwa Telecom (based in Taiwan) is third and China Unicorn is sixth."
The Marea cable, shown in coils, is owned by Microsoft, Meta and Spanish telecom Telxius (WSJ). Photo: Microsoft.
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