Wednesday, November 25, 2009

Tata Communications to build new cable in Gulf

Telecoms services firm Tata Communications said on Tuesday it had signed agreements with operators in the Middle East to build a new cable system for the region.

The telecoms cable will connect the region to the world's major business hubs through the company's existing Tata Global Network, it said in a statement to the Mumbai stock exchange.

Financial details were not disclosed. The agreements were signed with Bahrain Internet Exchange, Nawras of Oman, Qatar Telecom, Mobily of Saudi Arabia and Etisalat in the United Arab Emirates.

The companies will also be landing partners for the cable in their respective regions, Tata Communications said.

Sourcemoneycontrol.com

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