Huawei Technologies Co. Ltd and Global Marine Systems Ltd. announce new venture

December 11, 2007

1 Min Read

LONDON -- A new entrant in the submarine telecommunications market has been created with the announcement today that Huawei Technologies Co., Ltd. ("Huawei"), a leader in providing next generation telecommunications network solutions for operators around the world and Global Marine Systems have committed to launching Huawei Submarine Networks Ltd (Huawei Submarine.) A signing ceremony held this week in London commits both companies to launch the entity in early 2008. Huawei Submarine is the culmination of the Memorandum of Understanding signed by both parties in March 2007.

Huawei Submarine will deliver leading end-to-end submarine network equipment, and related services, enabling highly advanced communications capabilities on a global scale. Representatives from the new company’s leadership were present at Trinity House in Tower Hill, London, for the signing ceremony. London, a centre of global commerce and maritime innovation, and Trinity House in particular, served as the ideal setting for the creation of a new venture dedicated to developing the tools and infrastructure for future global communications.

“Huawei Submarine Networks is a major focus for both companies and introduces a competitive new entrant into the submarine telecommunication market.” Mr. Gabriel Ruhan, CEO of Global Marine Systems. “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 MOU 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.”

Huawei Technologies Co. Ltd.

Global Marine Systems Ltd.

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