With global optimism about bandwidth demand hitting highs not seen since the last decade, the submarine fiber cable business has been heating up accordingly. There have been reports of new players entering the trans-Pacific cable market, and now Chinese vendor Huawei is looking for its piece. The company said it is launching a new unit, Huawei Submarine Networks, a joint venture with Global Marine Systems, to be a turnkey vendor of submarine network gear.
One Global Marine Systems official said demand is set to "boom" in 2008. We shall see.
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