Tata Comm down 1.76% on $430 mn investment plan
Tata Communications lost 1.76% in early trade after announcing a $430 million strategic investment plan in Asia Pacific region.
By ET Bureau |
MUMBAI: Tata Communications lost 1.76% in early trade after announcing a $430 million strategic investment plan in Asia Pacific region. The stock was trading at Rs 434.50 at 10 am on Thursday. It has lost a little over 12% in the last one month.
According to a release, the investments include developing Tata Communications Exchange, a new Internet Data Center and completion of the main segment of its TGN-Intra Asia Cable System. These investments are key part of the company's $2 billion expansion plan over three years to enhance its global infrastructure.
Tata Communications Exchange would be based in Singapore and would be ready for operation in early 2010. The new data centre would provide increased capacity for both domestic and international companies, allowing them to realise cost and resource efficiencies in addition to achieving greater service availability and performance.
On the other hand, TGN-Intra Asia Cable System, a multi-terabit system, spans 6,700 kms connecting Singapore, Hong Kong, Japan, Vietnam and Philippines. It increases data and voice reliability by providing new route diversity for traffic generated throughout and into Asia Pacific.
According to a release, the investments include developing Tata Communications Exchange, a new Internet Data Center and completion of the main segment of its TGN-Intra Asia Cable System. These investments are key part of the company's $2 billion expansion plan over three years to enhance its global infrastructure.
Tata Communications Exchange would be based in Singapore and would be ready for operation in early 2010. The new data centre would provide increased capacity for both domestic and international companies, allowing them to realise cost and resource efficiencies in addition to achieving greater service availability and performance.
On the other hand, TGN-Intra Asia Cable System, a multi-terabit system, spans 6,700 kms connecting Singapore, Hong Kong, Japan, Vietnam and Philippines. It increases data and voice reliability by providing new route diversity for traffic generated throughout and into Asia Pacific.
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