Chunghwa Telecom (TPE:2412) and other network providers are jointly investing in constructing the E2A submarine cable.
Chunghwa Telecom will contribute over NT$4.6 billion to the total project cost, according to a Monday Taiwan Exchange filing.
Alcatel Submarine Networks has been selected as the cable supplier through an open bidding process.
The investment will boost international bandwidth, and diversify cable routes for optimized telecom services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.