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Tata Communications to invest $2 bn for global expansion

Tata Communications to invest $2 bn for global expansion
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First Published: Wed, Feb 13 2008. 01 26 PM IST
Updated: Wed, Feb 13 2008. 01 26 PM IST
Mumbai: Tata Communications on Wednesday said it will invest more than $2 billion over the next three years to fuel its global expansion plans.
In a filing to the Bombay Stock Exchange, the company said it is in the process of completing additional submarine cables systems connecting emerging markets across the world.
The submarine cable system would connect Asia, Middle East and Africa. It would cater to the demands of consumer broadband over the next five to eight years, Tata Communications added.
“Tata Communications will continue to build on our track record of successes and strong global investment strategy in India as well as emerging markets to grow globally in its targeted segments,” Tata Communications’ CEO and Managing Director N Srinath said.
The Tata Communications brand integrates the former VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit (TIEBU) and Cipris brands worldwide.
“The new identity is a major step in our commitment in building long-lasting relationships with our customers, partners and stakeholders,” Tata Communications’ Chairman Subodh Bhargava said.
Last year Tata Communications announced significant investments in enhancing network and services capabilities in India, intra-Asia, Middle East and Africa.
The company continues to expand its global MPLS and Ethernet networks to enable scalable and secure connectivity and advanced services.
Additionally, Tata Communications strategic investment in South African operator Neotel, provides a strong anchor to build an African footprint, the company added.
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First Published: Wed, Feb 13 2008. 01 26 PM IST