Others News
- Guangdong News
Date: 29-May-2007 Sources: (Shenzhen Daily)
HUAWEI Technologies Co. Ltd. and Global Marine Systems Ltd. (Global Marine), have signed a memorandum of understanding (MoU) with the intent to establish a joint venture (JV) to deliver end-to-end competitive submarine network solutions to reliably deliver highly advanced global communication capabilities.
The JV commits the companies to become leaders in providing submarine solution and services globally.
Industry analysts forecast a busy year in 2007 with at least 20 new supply contracts expected to be awarded totaling nearly 100,000 route-kilometers - largely driven by two transpacific cable projects and a number of medium-sized (2,000-10,000 kilometer) systems. These projections reflect a sustainable, stable growth market driven by the steady development of the Internet industry. The JV combines Huawei's advanced optical expertise and Global Marine's market-leading submarine engineering capability. It will give submarine network developers and operators a strong end-to-end solutions alternative that encompasses world-class, field-proven terrestrial and subsea technologies, a Huawei press release said.
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