Tata Communications to invest INR100 billion over three years

10 Aug 2009

Indian fixed line and broadband provider Tata Communications has announced it has set aside INR100 billion (USD2.11 billion) for capital expenditure over the next three years, the Business Standard reports. It is understood that Tata plans to use the funds to enhance the core areas of its service, including voice and data solutions, although it has not detailed any specific plans for the investment. The telco also revealed that it plans to raise additional funds through a range of methods including bank loans and bond markets in order to maintain sustained growth for the business. Tata expects to increase revenue by around 11% in the 2009-10 fiscal year.

India, Tata Communications