Nov 22 2010
Jiangsu Tongguang Communication, provider of transmission products, and Sterlite Technologies have inked an agreement to launch a new joint venture firm, Jiangsu Sterlite & Tongguang Optical Fibers Co (STFC). The new company to be developed in the Jiangsu Province will develop and provide optical fibers for manufacturing fiber optic cables.
As part of the contract, Jiangsu Tongguang Communication will bring in substantial fiber cable manufacturing experience into the Chinese market, whereas Sterlite will provide optical fiber expertise. Jiangsu STFC will provide competitive and high-quality fiber optics to its customers.
Jiangsu Tongguang Communication’s Chairman, Tang Jinming stated that the joint venture between Sterlite Technologies and Jiangsu Tongguang Communication would allow service providers to develop next-generation communication interfaces cost-efficiently.
Director of Sterlite, Pravin Agarwal stated that the company expects China to upgrade and develop the telecommunication infrastructure, which will assure long-term demand for fiber optics. He added that the joint venture between Jiangsu Tongguang Communication is a substantial strategic investment in the country.