Tata Communications investing 430 mln dlrs in Asia

Kioskea on Thursday February 12, 2009 07:22:45 AM

Indian telecoms firm Tata Communications will invest US$430 million in an Asian Internet data centre and cable system

File photo shows an Indian passing a Cyber Cafe in Bombay. Indian telecoms firm Tata Communications will invest 430 million US dollars in an Asian Internet data centre and cable system, a person familiar with the situation said Thursday.

Indian telecoms firm Tata Communications is investing 430 million US dollars in an Asian Internet data centre and cable system, the firm said 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.

The data centre, the Tata Communications Exchange, will be operational in 2010.

"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 "main segment" of the 250-million-dollar cable system -- linking Singapore, Hong Kong, Japan, Vietnam and the Philippines -- to provide increased data and voice reliability in the region.

Known as the TGN-Intra Asia Cable System, it spans 6,700-kilometres (4,154 miles).

"These investments represent a strong vote of confidence for Singapore, and underline the growing partnership between Tata and Singapore," said Beh Swan Gin, managing director of Singapore's Economic Development Board.

Tata Communications is part of India's Tata group.

- Dow Jones Newswires contributed to this story -

© 2009 AFP