Financial Daily from THE HINDU group of publications
Thursday, Nov 04, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 04, 2004 |
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Info-Tech
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Telecommunications Tata Indicom Cable links Chennai with Singapore P. S. Suryanarayana
Singapore , Nov. 3 THE Tata Group today enlarged its strategic footprint in the business domain of tech-savvy Singapore by launching a new submarine cable link between this city-state and Chennai. The fiber-optic connection, the first to be fully under Indian control on this fast-track communications route, has gone `live' under the auspices of a new private-sector firm - the Tata Indicom Cable (TIC), which is totally owned as also operated and maintained by the Videsh Sanchar Nigam Limited (VSNL). While the precise investment-profile of the TIC or even the cost of the cable-link were not made public here today, VSNL said, in a statement, that the new connection `is expected to provide much-needed diversity to telecom operators and enterprises which are dramatically increasing their presence in India'. Prior to the TIC's splash on this maritime scene, there was no similar ownership of the first under-sea cable-link between Chennai and Singapore. The Tata Group Chairman, Mr Ratan N. Tata, said the new cable was laid in less than a year's time. He noted that the intention now was to `leverage the total capabilities of the Tata Group in the information technology and telecom space' here.
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