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Sterlite Tech and Chinise co form JV for optical fibre

19 Nov 2010 Evaluate

Sterlite Technologies Ltd has entered into a pact to form a joint venture company with China's Jiangsu Tongguang Communication Co Ltd to manufacture, market and distribute optical fiber used in the production of fiber optic cables. The joint venture company named Jiangsu Sterlite & Tongguang Optical Fibers Co. Ltd will be set up in Haimen, Jiangsu province of China.

With the continued roll-out of 3G and FTTx, China has retained its position as the largest market for optical fibers in the world. China would continue to develop and upgrade its telecommunication infrastructure to remain globally competitive and this would ensure that the demand for optical fibers would be sustained over the long term.

The joint venture would make it faster, easier and more cost-effective for utilities and service providers to build new age communication infrastructures. As part of the agreement, Sterlite brings expertise in optical fiber technology and Jiangsu Tongguang Communication Co., Ltd brings significant fiber cable manufacturing and market expertise in the China market. crackcrack

Sterlite Technologie Share Price

262.45 6.80 (2.66%)
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