CRU: 5G Network Construction: A Key Factor in Global Fibre and Cable Forecasts

LONDON, December 15, 2017 /PRNewswire/ --

With the world on the brink of a major new era in information and communications technology, CRU organized its 3rd World Optical Fibre & Cable Conference in Wuhan, China on 1st-3rd November. Over 700 attendees gathered to discuss opportunities and challenges in the optical fibre and cable industry.

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Chinese companies shared their optimism about future industrial developments and stated that 5G will provide an important boost to optical cable demand in the medium term.

Major players gathered in the Optics Valley of China

For the last three years, this conference has been organized by CRU in collaboration with YOFC, which has served as host and helped with program development, on-site logistics, and other support. This year's event also was hosted by the Wuhan East Lake Development Zone, also known as the 'Optics Valley' of China.

The conference was an opportunity to bring together in Wuhan's Optics Valley the world's leading producers of optical fibre and cable as well as the key suppliers of preforms, manufacturing equipment, and many other players from the optical cable and networking supply chains.

In recent years, China has gained a major role in the world's fibre optic and telecom markets: China accounts for 57% of the world's optical consumption; it also accounts for 57% of the world's FTTx subscribers.

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Read more about CRU: http://bit.ly/About_CRU

About CRU  

CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.

Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.

CRU employs over 260 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia - our office in Beijing opened in 2004.

When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.

CRU - big enough to deliver a high quality service, small enough to care about all of our customers.

SOURCE CRU