DASAN Networks is jumping into a business of installing ultra-fast internet in France. It is going to form a consortium with a major company in France and supply large amount of equipment for 4 years and it is going to expand its influence in European markets through this project.
DASAN Networks (Chairman Nam Min-woo) made an announcement on the 6th that it will be participating as a major supplier of telecommunication equipment in a project of installing ultra-fast internet in France. During an event when an economy delegation from President Park Gun-hye was visiting France on the 2nd, DASAN Networks signed off on MOUs to have strategic partnerships with NGE, which is the biggest construction business in France as well as a telecommunication business, and FAYAT Group.
To promote digital business that is relatively fallen back compared to other countries, France announced its plan to promote digital industry that combines cities and rural regions in France. Minister Emmanuel Macron of the Economy, Finance and Industry and Secretary of State Axelle Lemaire will be in direct charge of this project. France is going to install broadband telecommunication network throughout entire France by investing $36 billion euros ($40.9 billion) until 2025.
DASAN Networks finished testing its equipment by forming a consortium with French businesses and is planning to supply FTTH (Fiber to the Home) equipment to Alsace and Aude regions. “We are going to supply equipment that is worth about 160 million euros ($182 million) through this consortium.” said a representative for DASAN Networks.
DASAN Networks also made a partnership with NGE. Main point of this partnership is to supply necessary optical telecommunication equipment for Alsace’s state government’s optical telecommunication network project that was recently obtained by NGE. On the other hand, DASAN Networks is going to work on design of ultra-fast internet network, maintenance repair, and education project with affiliates of FAYAT Group.
DASAN Networks has been preparing for this project by establishing a corporate in Chatillon region in early this year. As this project was expanding towards entire region in France, DASAN Networks has focused on localizing its equipment in France. It is planning to increase level of technical support in France and look for additional contracts so that it can eventually expand its influence throughout entire Europe.
“We are going to use preceding experience by South Korea, which is strong in internet industry, so that many Europeans can use internet faster and easier.” said DASAN Networks. “As French Government is promoting this project extensively on major cities in rural regions, we expect that this project will continue to grow in following years.”
Staff Reporter Kwon, Dongjoon | djkwon@etnews.com