Vic Rolfe Marine Consultancy Services - Site home page - VicRolfe.com
Description: Opencables.com is the personal blog of submarine cable industry expert Sunil Tagare dedicated to the Submarine Cable Technology, Strategy, Regulatory and Politics.
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After Team Telecom through the US Embassy in Singapore forced SingTel to cancel the Sea-Me-We-6 contract awarded to China-based HMN Technologies in a competitive bidding lasting a couple of years, all of the 3 Chinese carriers in Sea-Me-We-6 left the consortium. And announced a new cable called EMA (Europe-Middle East-Asia) along the SMW-6 path plus an extension to Hong Kong and China and awarded its contract to HMN.
HMN’s bid for Sea-Me-We-6 was $400 million, about 30% less than the nearest bid of $600 million by Subcom. Subcom was forced by Team Telecom to take a loss of around $200 million on the SMW-6 deal and since then, it has shied away from bidding on other cables if HMN was also bidding fearing that Team Telecom would force it to reduce prices and forcefully award the contract to them.
Vic Rolfe Marine Consultancy Services - Site home page - VicRolfe.com