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.
Other service providers participating in the APG consortium include China Unicom (NYSE: CHU), China Telecom (NYSE: CHA), China Mobile (NYSE: CHL), KT Corp. (NYSE: KT), NTT DoCoMo (NYSE: NTT), LG Uplus (KSE: 032640.KS), Vietnamese Posts & Telecom Group, Viettel, TOT Public Co., Ltd., CAT Telecom Public Co., Ltd., and StarHub (SES: CC3.SI).
Chunghwa has been aggressive on the submarine cable system front, with the APG network being its eighth project. The service provider's management said the new cable will enable it to deal with the growing demand for international data traffic.
Through its participation in the APG consortium, Chunghwa plans to expand its suite of data services, including cloud computing, mobile data project, and high-definition digital video services.
- Taiwan Economic News has this article
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