Why is the speed of light 299,792,458 meters/sec?
Speed of light being finite is one of the fundamentals of our Universe.

If it were infinite, this would have a major implication in causality.

Besides, in non-quantum physics, light is just an electromagnetic wave. Eelectromagnetic field is described by Maxwell's equations, which predict that the speed $c$ of electromagnetic waves propagating through the vacuum depends on the dielectric permittivity $ε_0$ and the magnetic permeability $μ_0$ by the equation $c = {1\over\sqrt{ε_{0}μ_{0}}}$ so you can not have an infinite speed of light unless electric permittivity or magnetic permeability were zero, which in turn would cause all sorts of odd things to electromagnetical attraction (and thus, to matter existence beyond elemental particles).