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Home -> Finance -> Full Story

Cable and Wireless to invest $ 10 mn in India
Wednesday, August 4 2004 19:07 Hrs (IST)

Bangalore: British telecom firm Cable and Wireless (C&W) today (Aug 4, 2004) said it would invest $ 10 million in the next 18 months to expand its operations in the country.

Cable and Wireless Asia-Japan, CEO Phil Green told reporters in Bangalore about five million Dollars would be spent on expanding nodes and bandwidth, while an equivalent amount put on people and infrastructure.

C&W has invested five million Dollars since inception in India in 1995 and in the last 18 months doubled its customer base in the country to 130.

"With this investment, we hope to double our customers in 18 months," Green said.

He said C&W has launched its multi-protocol label switching (MPLS) service in India as an extension of its managed data services portfolio, in association with Reliance Infocomm.

"We have made fresh investments and will be focusing in this region to not only increase our presence, but to also provide more connectivity and world class support to our existing global clientele," Green said.

PTI