Tata Communications Announces Usd 430 Million Investment In Asia Pacific

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12th February 2009, 08:29pm - Views: 802








Tata Communications Announces USD 430 Million Investment in Asia Pacific


SINGAPORE, Feb. 12 /PRNewswire-AsiaNet/ --


    - New Internet Data Center and the TGN-Intra Asia Cable Aimed at Driving Global Connectivity and

Reliability


    Tata Communications, a leading provider of a new world of communications, announced today its

USD 430 million strategic investment plan in the Asia Pacific (APAC) region. The investments include

developing the Tata Communications Exchange, a new world-class Internet Data Center (IDC),

and the completion of the main segment of its TGN-Intra Asia Cable System.


    To view the Multimedia News Release, please click:



    These investments are a key part of the company's commitment to enhance its robust global

infrastructure as part of its USD 2 Billion expansion plan over three years. The Tata Communications

Exchange and the TGN-Intra Asia Cable System are integral parts of the Tata Global Network

(TGN) that includes one of the most advanced and largest submarine cable networks, a Tier-1 IP

platform and more than 1 million square feet of data center and co-location facilities worldwide.


    Tata Communications Exchange


    To meet increasing outsourcing demands from global multinational corporations into emerging

markets, Tata Communications is expanding its capacity with the construction of a flagship data

center, the Tata Communications Exchange in Singapore. It will be ready for operation in

early 2010. The new data center will provide increased capacity for both domestic and international

companies, allowing them to realize cost and resource efficiencies in addition to achieving greater

service availability and performance. The Singapore IDC is a key gateway location into the APAC

region. Its integration into Tata Communications' high capacity Tier-1 network enables the company to

meet current and future IT infrastructure service demands of its customers.


    "The Asian market continues to be promising, even in the current economic environment.

Businesses need to capitalize on the opportunities this region provides, and investments in Asia are

critical for the growth of global business," said Vinod Kumar, President and Chief Operating Officer for

Tata Communications. "Our large-scale investment in the Tata Communications Exchange, coupled

with our submarine cable build-out, ensures scalability and global reach while delivering our

commitment to meet customer requirements. We will continue to be an active leader in offering

superior services into emerging regions where we see high growth potential and opportunities for

customers."


    The Tata Communications Exchange is being developed in partnership with Mapletree Industrial

Fund (a pan-Asian industrial fund managed by Mapletree Industrial Fund Management Pte Ltd

(MIFM)). MIFM is a wholly-owned subsidiary of Mapletree Investments Pte Ltd, a leading Asian

real estate and capital management company based in Singapore.


    Building on Tata Communications' extensive global submarine cable and Tier-1 Internet Protocol

(IP) network, the new data center will deliver co-location, managed hosting, managed storage and

value-added services. Tata Communications will provide its global customers the added flexibility to

remain competitive through centrally- managed solutions with high quality of service.


    TGN-Intra Asia Cable


    Paving the way for continuous support of economic growth and development within the APAC

market, Tata Communications also announced the completion of the main segment of its USD 250

million TGN-Intra Asia cable system. The multi-terabit system spans 6,700 km that connects

Singapore, Hong Kong, Japan, Vietnam and the Philippines. It increases data and voice reliability by

providing new route diversity for traffic generated throughout and into APAC.


    As part of its focus on expanding communications services to and from emerging markets, Tata

Communications is partnering with Globe Telecom and EVN Telecom to expand the TGN-Intra Asia

Cable System into the Philippines and Vietnam respectively.


    For further information on the APAC expansion, visit http://www.tatacommunications.com .


    About Tata Communications


    Tata Communications, a member of the $62.5 billion Tata Group, is a leading global provider of a

new world of communications. The emerging markets communications leader leverages its advanced

solutions capabilities and domain expertise across its global and pan-India network to deliver

managed solutions to multi-national and Indian enterprises, service providers and Indian consumers.


    Tata Communications' range of services include transmission, IP, converged voice, mobility,

managed network connectivity, hosting and storage, managed security, managed collaboration and

business transformation for global enterprises and service providers, as well as Internet, retail

broadband and content services for Indian consumers. The Tata Global Network encompasses one of

the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to

more than 200 countries across 300 Pops, and more than 1 million square feet of data center and co-

location facilities.


    Tata Communications' unique emerging market depth and breadth of reach includes a national fiber

backbone network and access to network in over 60 cities and 125 Pops in India, strategic

investments in South African converged services operator, Neotel, Sri Lanka and Nepal and, subject

to fulfillment of conditions precedent, a 50% ownership in China Enterprise Communications (CEC)

providing full country VPN coverage in China.


    Servicing customers from its offices in over 80 cities in 40 countries, Tata Communications is the

number one global international wholesale voice operator and number one provider of international

long distance, enterprise data and Internet services in India, the Company was named "Best

Wholesale Carrier" at the World Communications Awards in 2006, "Best Pan-Asian Wholesale

Provider" at the 2006 and 2007 Capacity Magazine Global Wholesale Telecommunications Awards

and was awarded "Best Progress in Emerging Markets" at the 2008 Mobile Communication Awards.


    Tata Communications Limited along with its global subsidiaries, (Tata Communications), is listed on

the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the

New York Stock Exchange. (NYSE: TCL)


    Forward-looking and cautionary statements


Science Information Technology Tata Communications Limited 2 image

    Certain words and statements in this release concerning Tata Communications and its prospects,

and other statements, including those relating to Tata Communications' expected financial position,

business strategy, the future development of Tata Communications' operations, and the

general economy in India, are forward-looking statements. Such statements involve known and

unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as

well as those relating to industry growth and trend projections, which may cause actual results,

performance or achievements of Tata Communications, or industry results, to differ materially from

those expressed or implied by such forward-looking statements. The important factors that could

cause actual results, performance or achievements to differ materially from such forward-looking

statements include, among others, failure to increase the volume of traffic on Tata Communications'

network; failure to develop new products and services that meet customer demands and generate

acceptable margins; failure to successfully complete commercial testing of new technology and

information systems to support new products and services, including voice transmission

services; failure to stabilize or reduce the rate of price compression on certain of the company's

communications services; failure to integrate strategic acquisitions and changes in government

policies or regulations of India and, in particular, changes relating to the administration of Tata

Communications' industry; and, in general, the economic, business and credit conditions in India.

Additional factors that could cause actual results, performance or achievements to differ materially

from such forward-looking statements, many of which are not in Tata Communications' control,

include, but are not limited to, those risk factors discussed in Tata Communications' various filings with

the United States Securities and Exchange Commission. These filings are available at www.sec.gov.

Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or

alter its forward-looking statements


    Media Contacts:

    Cynthia Hng

    Tata Communications

    +65-6551-3664

    cynthia.hng@tatacommunications.com


    Janice Goveas

    Tata Communications

    +91-92233-94575

    janice.goveas@tatacommunications.com


    Vetri Mayandi

    STC Associates

    +65-91681147

    vetri@stcassociates.com







    SOURCE: Tata Communications Limited








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