Hengtong to Buy Huawei Marine Networks By Stephen Hardy, Lightwave November 4, 2019 HC2 Holdings, Inc. (NYSE: HCHC) says its Marine Services Segment, Global Marine Group (GMG), has agreed to sell its 49% stake in Huawei Marine Networks Co., Ltd. to Hengtong Optic-Electric Co Ltd. for approximately $140 million. HC2 also stated that Hengtong has [...]
HC2's Marine Services Segment Announces Sale of Huawei Marine Networks Joint Venture HC2 Press Release October 30, 2019 - Sale pegs HMN equity value at $285 million - Global Marine Group’s 49% interest valued at $140 million - HC2 continues to advance strategic alternatives for Global Marine subsidiary NEW YORK, Oct. 30, 2019 -- HC2 [...]
Huawei Wants to Build First Fiber-Optic Cable Between South America and Asia By Natalia A. Ramos Miranda, Reuters August 28, 2019 Huawei Technologies Co Ltd said on Wednesday it was “very actively” interested in building the first undersea fiber-optic cable between South America and Asia. David Dou Yong, Huawei’s chief executive in Chile, told Reuters [...]
Huawei Marine Networks Sets Record on 200G Unrepeatered System Transmit of 620.9km Huawei Marine Press Release August 19, 2019 Tianjin, China - Huawei Marine Networks (HMN) has successfully achieved the longest ever 200G unrepeatered transmission trial over distance of 620.9km. This achievement replicates HMN’s previous success in 100G unrepeatered transmission which saw in excess of [...]
Huawei Marine ‘hasn’t Bid’ on Chile’s Trans-pacific Cable Project By Chen Qingqing, Global Times July 17, 2019 Huawei Marine, the submarine cable business of the tech giant, said it has not offered any bid for the feasibility study of Chile's proposed trans-Pacific project connecting South America with Asia, a decision that analysts said reflects the [...]
Chile to Study Trans-Pacific Cable to Connect South America With Asia By Dave Sherwood and Natalia A. Ramos Miranda, Reuters July 12, 2019 SANTIAGO (Reuters) - Chile on Friday took a step toward building the first fiber-optic cable to directly connect South America and Asia, a project that has piqued the interest of China’s Huawei [...]
Huawei’s Undersea Cable Project Moves Forward in SE Asia By Chen Qingqing, Global Times June 20, 2019 Despite security concerns raised by the US and its major allies regarding Huawei's undersea cable projects, the Chinese company is welcomed by Southeast Asian countries and it will continue to move forward in its undersea cable business, which [...]
Huawei Turns to Africa to Offset US Blacklist By France 24 June 9, 2019 As the US leads a drive for the West to shun Huawei over security fears, the Chinese tech giant has sought to strengthen its position in Africa, where it is already well-established. Huawei has taken a leading role in developing next-generation [...]
China's Huawei to Sell Undersea Cable Business, Buyer's Exchange Filing Shows By Sijia Jiang, Reuters June 3, 2019 HONG KONG (Reuters) - Huawei Technologies Co Ltd plans to sell its undersea telecom cable business, showed a buyer’s filing on Monday, in its first major asset sale since the United States ratcheted up accusations of the [...]
Huawei, US Firm Vie for Cable Deal Miguel R. Camus, Inquirer.net May 28, 2019 China’s Huawei Technologies and US submarine cable firm SubCom are facing off for a strategic undersea internet cable project of Converge ICT, an aggressive player in the Philippines’ fixed-broadband sector. Miles Tonn Chua, chief operating officer of Converge subsidiary Metro Works, [...]
