LS Cable nabs $100m deals from Canada, U.S.
Jan 21, 2016
South Korean wire and cable-maker LS Cable & System said Thursday it has won deals worth a combined $100 million to supply submarine cables to the U.S. and Canada. LS Cable will replace undersea cables for the New York Power Authority under a deal worth $47 million. The South Korean firm said it also won a separate $54 million deal from Canada.LS Cable currently operates Asia’s largest undersea cable-producing plant.The global market for undersea cables is expected to reach 8 trillion won ($6.6