Chinese state-owned telecommunications firms are developing a $500-million undersea fibre-optic Internet cable network to rival a similar US-backed project.
Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet.
Pacific undersea cable project sinks after US warns against Chinese participation Toggle share menu
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Pacific undersea cable project sinks after US warns against Chinese participation
This file picture taken on Nov 6, 2018 shows a Chinese and US flag in Shanghai. (Photo: AFP/Johannes Eisele)
18 Jun 2021 10:30AM (Updated:
18 Jun 2021 10:51AM) Share this content
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BEIJING: A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded US warnings that participation of a Chinese company posed a security threat, two sources told Reuters.
The former Huawei Marine Networks, now called HMN Technologies and majority owned by Shanghai-listed Hengtong Optic-Electric, submitted a bid for the US$72.6 million project priced at more than 20 per cent below rivals Alcatel Submarine Networks (ASN), part of Finland s Nokia, and Japan s NEC, the sources sai
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