today's news of 'Huawei selling submarine optical cable' has attracted the attention of many netizens. What's the matter with Huawei selling submarine optical cable? Why does Huawei sell submarine optical cables? This article brings you the details of Huawei's sale of submarine optical cables. Let's have a look.
Jiangsu Hengtong optoelectronics Co., Ltd. announced that it is planning to purchase 51% equity of Huawei Ocean network (Hong Kong) Co., Ltd. (hereinafter referred to as "huaweihaiyang") held by Huawei Technology Investment Co., Ltd. (hereinafter referred to as "Huawei investment") by issuing shares and paying cash. According to the announcement, Huawei investment holds 51% equity of Huawei Ocean network (Hong Kong).
On May 31, 2019, Hengtong optoelectronics and Huawei investment signed the letter of intent. Since the opening of the market on June 3, 2019, the trading of Hengtong optoelectronics shares has been suspended for no more than 10 trading days.
According to the information on Huawei ocean's official website, Huawei ocean was established on January 25, 2008. It is a joint venture jointly established by Huawei Technology Co., Ltd. and global maritime Systems Co., Ltd. Huawei ocean and its subsidiaries are a solution provider for submarine cable communication network construction. At present, they are mainly engaged in the construction of global submarine cable communication network, providing customers with product technical solutions and end-to-end services including project management, project implementation and technical support.
At present, more than 99% of the business volume of international communication is undertaken by submarine optical cable. Submarine optical cable has the advantages of large capacity, high quality, low price, safety and reliability. It undertakes a large number of international communication services and gradually replaces communication satellites as the main force of modern international communication. However, for a long time, the United States, France, Japan and other developed countries have basically monopolized the international transoceanic submarine cable field, and the submarine cable project undertaken by Huawei ocean is the first time for developing countries to break the monopoly of developed countries.