Feeds

Huawai teams with Aussie investors to launch APAC cable

Quest Telecom set to be Asia's latest submarine cable guys

The Essential Guide to IT Transformation

Quest Telecom, the Hong Kong based subsidiary of Australian diversified investment outfit Quest Investments, has signed an MoU with Huawei Marine Networks to develop and launch integrated submarine optic cable systems throughout the Asia Pacific.

The company has not dabbled in the costly deployment of submarine cables before, but it has been in discussions with Huawei over the project for some time and has been in a due diligence phase since June.

Quest Investments specialises in stockbroking, investment banking, telecommunication and seafood investments through the Asia-Pacific region and is part of the the ASX listed Murchison Holdings Limited Group.

Quest has already secured a carrier licence from the Office of the Telecommunications Authority of Hong Kong fort provide external telecom services in Hong Kong SAR.

Both parties have been conducting a feasibility study into the network deployment under the MOU but have yet to detail where the networks would extend to or where the landing stations will be in the Asia Pacific region.

The MoU is very vague on the scope of the project with much detail to be determined.

According to the MoU if the project goes ahead Huawei Marine will design, install and commission one or more integrated submarine fibre optic cable systems between certain major cities in the Asia-Pacific region proposed by HMN.

It is understood that Quest will be raising the capital for the project with HMN introducing potential financiers to assist in the provision of finance.

Huawei has already been active in the Asia-Pac cable market, winning the construction contract for the ASSC-1 cable that will link Perth, Jakarta and Singapore. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.