A COVID-19 pandemic has slowed the establishment of high-speed telecom networks in Vietnam, but demands for communication cables are increasing again due to a surge in the construction of internet data centers (IDCs).
"This contract is worthwhile in that we have expanded our customer base from conventional small-scale Internet service providers to major telecommunications operators," LS Cable & System Asia CEO Baek In-jae said in a statement on June 21. "We're about to sign contracts with other major telecommunications operators in Vietnam."
LS Cable has diversified its cable production to meet the needs of various industries. LS Cable Vietnam (LSCV) built a new optical cable facility in 2015 and secured competitiveness with technology support from its parent company to produce multi-core optical cables and external optical cables for clients in Vietnam, Southeast Asia, and South America.
LS Cable is expanding the production capacity of LSCV due to the surge in exports of UTP, a ubiquitous type of copper cabling used in telephone wiring and local area networks (LANs), to the United States. In September 2020, the company commercialized telecom cables with carbon fiber that can be used for facility operation and system management in smart factories and buildings.
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