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S.Korea consortium wins $1 bln Saudi cable order
The construction will be completed by the end of 2013.
July 21, 2010 9:09 by Reuters
A South Korean consortium including KR Plant Service & Engineering Co has secured a $1 billion order from Saudi Arabia to lay optical cables underground, a state trade agency said.
Korea Trade-Investment Promotion Agency said in a statement that the consortium of four small South Korea companies had been picked as the final winner of the turn-key project by Integrated Telecom Co, a wire and Internet service operator in the Middle East country.
The three-stage construction would begin in August and be completed by the end of 2013, it added.
(Reporting by Kim Yeon-hee; Editing by Chris Lewis)