INDIAN telecoms firm Tata Communications is investing US$430 million 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.
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,' Mr 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.
'These investments represent a strong vote of confidence for Singapore, and underline the growing partnership between Tata and Singapore,' said Mr Beh Swan Gin, managing director of Singapore's Economic Development Board.
Tata Communications is part of India's Tata group. -- AFP
'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,' Mr 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.
'These investments represent a strong vote of confidence for Singapore, and underline the growing partnership between Tata and Singapore,' said Mr Beh Swan Gin, managing director of Singapore's Economic Development Board.
Tata Communications is part of India's Tata group. -- AFP
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