Investment group targets new subsea cable systems in Asia-Pacific

According to reports, Quest Telecom has signed an MoU with Huawei Marine Networks to develop and launch subsea cable systems throughout Asia-Pacific.

The Hong Kong-based subsidiary of Australian diversified investment outfit Quest Investments is said to have been in a due diligence phase with Huawei since June.

It is also said to have conducted a feasibility study into the network deployment but is yet to confirm details of the project.

Part of the ASX listed Murchison Holdings Limited Group, Quest Investments was established in 2000 and specialises in stock broking, investment banking and telecommunications across the Asia-Pacific region.

If the project does go ahead, Huawei Marine will be responsible for designing, installing and commissioning one or more subsea cable systems between major cities in the Asia-Pacific region.