Feb
12
2009
Tata Communications invests US$430 million in Asian expansion
Posted by: Coreix in Uncategorized, tags: cable, communications, data center, data centre, india, tata, telecommunicationsIndian telecommunications operator Tata Communications will spend US$430 million to set up a data centre in Singapore and a regional cable system with an eye to tapping opportunities in emerging Asian markets.
Tata Communications will spend US$180 million on the data centre in Singapore in addition to US$250 million earmarked for the cable system, a spokesman said, requesting that his name not be used because of a company policy. Some of the funds allocated for the cable system have already been spent. The spokesman declined to say how much more will be invested to complete the network.
Source: PCW Business Centre
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