Fujitsu wins part of $1.5 billion Flag Telecom cable deal
By Our Corporate Bureau | 04 Sep 2007
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Mumbai: Japan's Fujitsu Ltd has won part of a $1.5 billion order from Flag Telecom, the undersea cable arm of Reliance Communications Ltd.
Fujitsu won two contracts to handle the cable from Marseilles, France to Port Said, Egypt and another from Chennai, India to Hong Kong, in the multimillion dollar deal, a company spokesman said, without disclosing the order size.
Bidders in the deal included Tyco, Alcatel and NEC Corp. The other two contracts have yet to be awarded.
The project involves laying 50,000 km of undersea fibre optic cables spanning Europe, Africa and Asia, which will speed up internet-based networks.
