Execution risk associated with the acquisition and commencement of connection of the C2C international submarine cable
First written in FY2020. 1 of 2 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2021-Q3.
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- FY2021-Q3MitigatedAnnual report
「Installation of transmission equipment and other commissioning work took time. The C2C line became operational and commercial service began in October 2020.」
Although installation of transmission equipment and commissioning work for the C2C line took time, the line became operational and commercial service began in October 2020, so the key stages of the execution risk associated with the acquisition and launch had been completed. - FY2020First statedAnnual report
「Acquisition of the relevant IRU was scheduled for July 2020, after which we planned to lease the line to Philippine CATV and telecommunications operators or provide telecommunications services to them. However, the C2C line has complex ownership rights and cannot be used without the consent of PLDT, Inc. and Globe Telecom, Inc. Since it had not been used for approximately 11 years, connecting the line to the line linking Manila with the landing station and providing leasing or telecommunications services to customers could take time.」
Newly disclosed execution risks for the C2C line, acquired under a contract valued at more than 30% of consolidated net assets for the fiscal year ended March 2020, included the complexity of the ownership rights, the consent required from PLDT and Globe, the line's approximately 11-year period of disuse, and the possibility of delays in delivering transmission equipment.