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News >> Technology >>
C&W to invest $10 M in Indian ops
By siliconindia staff writer
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Tuesday, 10 August 2004, 19:30 IST
BANGALORE: British telecom firm Cable & Wireless (C&W) said on Wednesday it would invest $10 million in expanding its Indian operations over the next 18 months.
Cable and Wireless Asia-Japan CEO Phil Green told reporters here that about $5 million would be spent on expanding nodes and bandwidth, while an equivalent amount would be invested in people and infrastructure.
C&W has invested $5 million dollar since it began its business 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 focussing in this region to not only increase our presence, but also to provide more connectivity and world class support to our existing global clientele," Green said.