Indians to Bag Another Submarine Cable Network
Stuart Comer writes on ITWire.com.au:
India is fast becoming one of the world's largest owners of submarine cables, with news that Indian company Bharti Airtel is to acquire Singapore Telecom's share of their jointly-owned i2i network linking India and Singapore.More here.
SingTel says it has reached commercial understanding with Bharti Airtel to sell its 49.99 interest in Network i2i Limited for $US55 million. Final details are yet to be worked and a further announcement will be made "as and when the parties execute definitive agreements."
i2i was announced in October 2000. It was to involve the construction of a $US650 million 8.4tbps loop system (then the highest capacity ever announced) linking India to Singapore with landfalls in Chennai (Madras) and Mumbai (Bombay). At the time this represented a 100 fold increase India's international cable capacity.
posted by Fergie @ 1/22/2007 08:00:00 PM
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