RCom’s arm to pump in $200 mn in sub­ma­rine link

Voice&Data - - NEWS BYTES -

Global Cloud Xchange, a sub­sidiary of tele­com op­er­a­tor Re­liance Com­mu­ni­ca­tions, has said it would invest $200 mn for lay­ing 5,000 km long un­der­sea cable net­work be­tween Mumbai and Sin­ga­pore.

Bill Barney, chief ex­ec­u­tive of­fi­cer of Global Cloud Ex­change, said: “This in­ter­con­nec­tion ex­change (ICX) cable will en­able us to be­come the largest cable providers con­nect­ing Europe with Asia. It will also pro­vide a 20 per­cent growth in as­sets and help us tap emerg­ing mar­kets, like Sri Lanka.”

He also in­formed that the company has tied up with other three eq­uity part­ners for the project and their names will be dis­closed by the third quar­ter of 2014.

This ICX cable in­fra­struc­ture is part of the company’s strat­egy to pro­vide a di­rect subsea route to bridge the gap in the emerg­ing mar­kets cor­ri­dor, and to pro­vide a di­rect Mumbai-Sin­ga­pore route in or­der to sub­side cur­rent ou­tage prone ter­res­trial routes be­tween Mumbai and Chen­nai.

The net­work be­tween Mumbai and Sin­ga­pore would have a branch land­ing in Thiru­vanan­tha­pu­ram and Chen­nai. The sub­ma­rine cable net­work would take at least 18-19 months to start op­er­a­tions and would start de­liv­er­ing rev­enues only after 16 months.

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