The Asia-America Gateway (AAG) is a 20,000-kilometre (12,000 mi) long submarine communications cable system, connecting South-East Asia with the mainland of the United States, across the Pacific Ocean via Guam and Hawaii. 
The cable is capable of delivering up to 2.88 Tbit/s (US-Hawaii & Hong Kong-South East Asia) and 1.92 Tbit/s (Hawaii-Hong Kong). The cable was ready for service on November 10, 2009.
Development of the AAG cable system was funded, at a cost of $500 million USD, by 19 partners: The Authority for Info-Communications Technology Industry of Brunei Darussalam, AT&T (USA), BayanTel (Philippines), Bharti (India), British Telecom Global Network Services (UK), CAT Telecom (Thailand), Telkom Indonesia (Indonesia), ETPI(Philippines), FPT Telecom (Vietnam), Ezecom/Telcotech (Cambodia), Indosat (Indonesia), PLDT (Philippines), Saigon Postal Corporation (Vietnam), StarHub (Singapore),Telekom Malaysia, Telstra (Australia), Telecom New Zealand, Viettel (Vietnam), and the Vietnam Posts and Telecommunications Group. The cable has landing points at the USA, Hawaii, Guam, Philippines, Hong Kong, Malaysia, Singapore, Thailand, Brunei and Vietnam.
On AAG development read more here: http://www.mitsubishielectric.com/news/2011/1110.html