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wiredInUSA - August 2016
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Sumitomo Electric Industries Ltd has
concluded a sales partnering agreement
withWaminnGroup(WaMinn)ofMyanmar,
with a view to expanding the market for
low and medium voltage cables in the
country.
Overseas investment has grown steadily
since a new Myanmar government was
established in March 2016, while the
development of infrastructure, such as
roads, ports, railroads, electric power
and communications, has posed a great
challenge. While Myanmar’s electrification
rate is approximately 35 percent at present,
the country aims to achieve 100 percent by
2030, with resulting growth in the demand
for electric power.
Accordingly, the expectation is that
the electrical infrastructure market will
grow substantially in Myanmar. To take
advantage of this opportunity, Sumitomo
Electric
concluded
its
partnering
agreement with Wa Minn.
Sumitomo Electric is looking to strengthen
its collaboration with Wa Minn to expand
its business in Myanmar, and thereby
contribute to the further development of
the country.
Asian collaboration
Viettel has invested $50 million in an
AAE-1 subsea fiber optic cable offshore
station at Vũng Tàu, Vietnam, set to begin
operation by the end of the year. The 2Tb
per second cable, which is 23,000km long,
will connect Asia, Africa and Europe, with
offshore stations in, among others, Hong
Kong, Singapore and France.
Total investment for the system is $820
million, with 20 telecommunication
companies from 18 countries providing
funds.
The cable will play an important role
in Viettel’s international connection
infrastructure, meeting demand for
international bandwidth in Vietnam
and serving connections with Europe
and several African countries, including
Tanzania and Burundi.
The connection with the AAE-1 fiber optic
cable will increase safety and stabilization
for Viettel’s international network
connectionas well as national information
security. Vietnamese telecommunication
enterprises are currently connected
through several different subsea cables
including the 20,000km AAG, which has
suffered from intermittent problems and
frequent repairs.
Cable offers subsea
security