China's biggest network equipment manufacturer Huawei will supply core equipment for the telecommunications systems of Seoul's major underground railways, sources said Thursday. Hyundai Information Technology, a Korean provider of Huawei-made network equipment, won a bid to supply the telecommunications equipment with a bid price of 6.97 billion won ($6.19 million). The bid was opened by Seoul Metro through the Korea ON-Line E-Procurement System and closed on July 20. The bid winner is expected to provide about 30 units of multiprotocol label switching backbone equipment for subway trains running on Subway Line Nos. "Hyundai Information Technology was selected because of its lowest bidding price," said an official at Seoul Metro, who is in charge of the equipment improvement project.

Source: The China Post August 03, 2017 07:18 UTC