By Fierce Telecom
Taiwan's Chunghwa Telecom (NYSE: CHT) believes that one way it will be able to achieve its goals to up revenue and earnings in 2012 is through its investment in the new Asia-Pacific Gateway (APG) submarine cable project.
Working with a consortium of 14 major Asia Pacific telecom service providers, Chunghwa will invest in the $500 million submarine cable project that promises to be able to carry 54.8 Tbps when it is completed in Q2 2014.
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