SOURCE: Hengtong Optic-Electric Co., LTD.

May 31, 2016 10:56 ET

Hengtong and Oi Brazil Aim to Co-Construct "Intelligent Brazil"

RIO DE JANEIRO, BRAZIL--(Marketwired - May 31, 2016) - News came from Brazil Hengtong on May 19th that its first patch of optical cables supplied to Oi Brazil came off the production line and would be used for the optical network construction in Rio de Janeiro, the host city of 2016 Olympic Games. 

Oi is the leader of the four major operators in Brazil. Hengtong Brazil signed a strategic cooperation agreement with Oi in April 2016, becoming the communication cable supplier of the latter, which shows Oi's trust in as well as recognition of Hengtong Optic-electric. It implies that Hengtong Brazil has made a figure in South America and breakthroughs in the international market initially.

According to the research report of CRU, Brazil is estimated to hold a 9 percent average growth rate in demand of optical cable in the next 5 years. A few days ago, Brazil Communications released a national broadband development plan, "Intelligent Brazil," seeking to cover 95 percent of the population in Brazil by 2019. Besides, the plan tells that Brazil will construct 6 submarine cables, linking it to Europe, Africa and America in order to improve the network data transmission capacity and secure communications. Hengtong will do its best to booster the broadband development in Brazil.

About Hengtong

Hengtong Optic-Electric Co., LTD. (SH. 600487) was founded in 1993 and has committed itself to providing integrated solutions of telecommunication and energy network, including optical communication, copper communication, power transmission, marine engineering and new materials. According to Global Optic & Cable Markets Investigation released by CRU, HENGTONG Optic-Electric ranked the second with a share of 8% of the global market.

HENGTONG has founded nine industrial base stations in South America, South Africa, Southeast Asia, Europe and other regions, and has established marketing and technology services branches in more than 30 areas; thus HENGTONG products have covered more than 100 countries and regions.

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