LSCV, a subsidiary of Korean cable manufacturer LS Cable & System, recently supplied fiber optic cable products to Viettel, the largest mobile operator in Vietnam.
Viettel, a state-owned company with about 50% of the Vietnamese market, is engaged in high-speed communication network construction projects in Southeast Asia and Africa as well as in Vietnam.
With the surge in demand for fiber optic cables in Asia, LSCV built a new fiber optic cable facility in 2015. Since then, it has ensured the competitiveness of technical products such as multi-core fiber optic cables and external fiber optic cables to Vietnam, Southeast Asia, and South America with the technical strength of its headquarters in Korea.
Baek In-Jae, CEO of LS Cable & System Asia Ltd. said, “The significance of this contract is that it expands the customer base from small Internet operators to large telecom operators. We are also preparing to sign contracts with other major telecom operators in Vietnam.”
In Vietnam, where high-speed telecom network construction operations, which were stalled by the COVID-19 pandemic, have resumed, demand for communications cables is rapidly increasing as Internet data center (IDC) construction increases.
Communication cable facilities are in full operation due to increased domestic demand in Vietnam and exports to the United States,” the company said. We are enhancing our business by expanding our facilities and at the same time, we are trying to improve profitability by improving our product portfolio.”
LS Cable & System Asia Ltd. announced plans to expand its facilities in early June of this year. This is because of a surge in exports to the United States of LAN cable, another of LSCV’s telecom products.