Tata Comm lines-up capex of $500 mn this

Tata Group company,Tata Communications,has lined-up a capex of USD 500 million to fuel its business this fiscal,a top company official said. “We will be investing USD 500 million to expand our business this fiscal. We will continue to invest to increase our capabilities and market presence in the coming days,” Tata Communications’ Chairman,Subodh Bhargava,said at …

Tata Group company,Tata Communications,has lined-up a capex of USD 500 million to fuel its business this fiscal,a top company official said.

“We will be investing USD 500 million to expand our business this fiscal. We will continue to invest to increase our capabilities and market presence in the coming days,” Tata Communications’ Chairman,Subodh Bhargava,said at the company’s annual general meeting (AGM) said.

The company invested nearly USD 509 million in 2009-10.

“The company has commissioned additional submarine cable systems and is expanding capacity in the current year,connecting emerging markets in Asia,the Middle-East and Africa to meet the increasing bandwidth demand of broadband enterprise and wholesale customers over the next five to eight years,” Bhargava said.

“We will continue to focus on redefining telecom services for wholesale commodity and low-value operations to partnership-driven and value-enhancing business on expanding network in India. We will grow this year in the international market with services including telepresence,media and entertainment solutions,Ethernet and cloud computing,” he said.