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Telecommunications Pipe Networks picks builder for submarine cable
Telecommunications Pipe Networks picks builder for submarine cable | Pipe Networks picks builder for submarine cable |
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| Telecommunications - Networks | |
| by Stuart Corner | |
| Thursday, 09 August 2007 | |
  
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Pipe Networks CEO, Bevan Slattery said: "The team at Tyco Telecommunications presented a superior offer and demonstrated a level of commitment to Project Runway which was exceptional. We look forward to working with the team over the next month to finalise the schedule prior to the project decision date in September". Pipe says it "continues to be actively engaged in negotiations, subject to confidentiality and final build approval, of contracts with domestic and international parties," but that it will not proceed "unless the firm commitments ensure the financial viability of the project." Tyco Telecommunications is one of the oldest businesses in the submarine cable industry: its origins are in AT&T Submarine Systems. AT&T Submarine Systems was bought by Tyco International in the 1990s and later hived off as Tyco Electronics. It is now an independent entity listed on the New York Stock Exchange. According to Pipe Networks, "In over 50 years of operation, they have designed, manufactured, and installed more than 80 undersea fibre optic systems around the world. Their industry-leading research and development laboratories, manufacturing facilities, installation and maintenance ships, supply depots, and management team work together to deliver integrated solutions and network upgrades, supporting the needs of telecommunications carriers, Internet providers, offshore and scientific research customers worldwide." Pipe's Project Runway is also closely tied to another arm of the former Tyco empire: Tyco's global cable network was sold to VSNL international which is partnering with Pipe in Project Runway and which will provide onward connection from Guam.{moscomment} |
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