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Pacnet gets LOI for NLD, ILD services

Pacnet gets LOI for NLD, ILD services
PTI
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First Published: Tue, Dec 08 2009. 03 08 PM IST
Updated: Tue, Dec 08 2009. 03 08 PM IST
New Delhi: Asia’s leading bandwidth provider Pacnet, which operates in India as an ISP on Tuesday said that it has got LOI from the government to offer national and international long distance services in the country.
“We have recently received LOI from the department of telecom and are doing the paper work to complete licence formalities. We expect to receive the licence by the end of this month,” Pacnet chief executive officer Bill Barney said.
He said that the company does not have any plan to enter the voice segment of NLD and ILD services and it will focus on offering the entire suite of data services to the Indian enterprises in telecom companies once it gets the licences.
The company said that it will be investing about $200 million in building a submarine cable network—West Asia Crossing (WAC), which will have a landing station in Chennai.
The WAC cable will be completed in 2012 and will provide direct connectivity between India and other Asian countries, and lower the cost of international bandwidth for Indian enterprises.
Barney said that the WAC project will cost about $150 million and after completion reduce the cost of international bandwith by 70-80% for Indian corporate users.
The company will also expand its points of presence in the country at a cost of $50 million.
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First Published: Tue, Dec 08 2009. 03 08 PM IST