From the NEC press release:

A consortium of six global companies announced that they have signed commercial agreements to build and operate a new Trans-Pacific cable system to be called “FASTER” with NEC Corporation as the system supplier. The FASTER cable network will connect the United States to two landing locations in Japan. The total amount of investment for the FASTER system is estimated to be approximately USD $300 million.

In order to address the intense traffic demands for broadband, mobile, applications, content and enterprise data exchange on the Trans-Pacific route, FASTER will feature the latest high-quality 6-fiber-pair cable and optical transmission technologies, with an initial design capacity of 60Tb/s (100Gb/s x 100 wavelengths x 6 fiber-pairs).

This new cable system will be landed at Chikura and Shima in Japan and will feature seamless connectivity to many neighboring cable systems to extend the capacity beyond Japan to other Asian locations. Connections in the United States will extend the system to major hubs on the US West Coast covering the Los Angeles, San Francisco, Portland and Seattle areas.

Google is joined by China Mobile International, China Telecom Global, Global Transit, KDDI and SingTel.