Tata Communications investing 430 mln dlrs in Asia
Indian telecoms firm Tata Communications is investing 430 million US dollars in an Asian Internet data centre and cable system.india Updated: Feb 12, 2009 11:50 IST
Indian telecoms firm Tata Communications is investing 430 million US dollars in an Asian Internet data centre and cable system, the firm said on Thursday.
"These investments are a key part of the company's commitment to enhance its robust global infrastructure as part of its two billion US dollar expansion plan over three years," it said in a statement.
Earlier, a person familiar with the situation told Dow Jones Newswires that Tata Communications will invest about 180 million dollars in the data centre and another 250 million dollars for the cable system.
The data centre will be operational in 2010 to provide increased capacity for both domestic and international companies, allowing them to realise cost efficiencies along with greater service availability and performance, the company statement said.
"The Asian market continues to be promising, even in the current economic environment," Vinod Kumar, president and chief operating officer for Tata Communications, said in the statement.
The company said it has already completed the 6,700 kilometre (4,154 mile) cable system linking Singapore, Hong Kong, Japan, Vietnam and the Philippines to provide increased data and voice reliability in the region.
Tata Communications, part of India's Tata group, has scheduled a press conference for 0600 GMT in Singapore.