CTC commences submarine telecom operations

SEPTEMBER 5, 2007 — CTC Marine Projects Ltd., a DeepOcean ASA subsidiary, launched a separate telecommunications business group focused on submarine telecom market opportunities. The group is led by Paul Woodward, formerly with Alcatel-Lucent.

CTC plans to manage the telecom unit from its London office. A major submarine telecom company will join CTC in the endeavor. Further personnel appointments and division plans will follow, CTC reports.

CTC is established in subsea trenching for telecom, having previously performed trenching and installation projects for clients in the sector, says Tony Inglis, managing director, CTC. He notes that the telecom division will explore substantial growth opportunities for the trenching company.