LONDON, Dec. 11 (UPI) -- China-based Huawei Technologies Co. announced it has partnered with Global Marine Systems in a new venture to develop submarine telecommunications.
Officials say the new joint company called Huawei Submarine Networks Ltd. will develop submarine network equipment and related services in an effort to offer advanced communications capabilities for the submarine market.
"Huawei is a trusted industry partner to many of the world's leading telecommunication carriers and providers," Ping Guo of Huawei said in a statement. "There is enormous scope to improve the competitiveness of this market and with Huawei's impressive global research and development and manufacturing capabilities and Global Marine's broad submarine engineering expertise, we intend to improve value for customers by offering unique solutions for all our customer's future network plans."
The new company was formed as a result of a memorandum of understanding signed in March 2007. A signing ceremony held at Trinity House in Tower Hill, London, commits both companies to launch the entity in early 2008.
"Huawei Submarine Networks is a major focus for both companies and introduces a competitive new entrant into the submarine telecommunication market," said Gabriel Ruhan, Global Marine Systems chief executive officer. "The continuing growth of the regional and long haul market has persuaded us that a credible, innovative, new company is needed by telecoms providers.
"Since announcing the memorandum of understanding earlier this year we have received very positive feedback from customers and look forward to serving their needs with a company that combines Huawei's expertise as the fastest growing vendor in optical networks in 2006, and Global Marine's 150 years of enviable market-leading experience in submarine engineering."
