Fujitsu bags $1.5 bn order from Flag Telecom

Tokyo, Sept 3: Japan's Fujitsu Ltd has won part of a $1.5 billion order from Flag Telecom, the undersea cable arm of India's Reliance Communications Ltd.

Fujitsu won two of four contracts in a project to lay 50,000 km of undersea fibre optic cables spanning Europe, Africa and Asia which will speed up Internet-based networks.

Fujitsu will handle the cable from Marseilles, France to Port Said, Egypt and another from Chennai, India to Hong Kong, in the multimillion dollar deal, a company spokesman said on Monday, without disclosing the order size.

The other two contracts have yet to be awarded.

Bidders in the deal included Tyco , Alcatel and NEC Corp.

Fujitsu shares closed up 1.3 percent at 801 yen, while the benchmark Nikkei average was down 0.3 percent.

Reuters>