Tata Communications has earmarked $200-250 million as capital expenditure over the next two fiscal years, say news reports.
The company has also planned to raise $500-600 million in equity over the next three years.
Going forward, Tata Communications views growth coming from emerging markets in areas such as cloud computing, video collaboration tools, 3G and LTE.
The vendor recently completed 10 years of privatisation. In a company statement, it said, ?Tata Communications celebrates its tenth anniversary of a public-private partnership that led to the creation of a global player in the communications services space. During this decade, the company transformed from an India-centric, international voice monopoly to a trans-national service provider. This shift is the result of leadership of the Tata group, coupled with the trust of our various stakeholders, including the Government of India that continues to own 26 per cent equity stake in Tata Communications.?
?Serving over 1,600 global service providers and 50,000 corporate customers across the globe, Tata Communications had revenues of about $2.6 billion in 2010-11. Tata Communications has invested more than over $3.6 billion since 2002, in acquiring and building network and data centre infrastructure, technology and service capabilities and entering new markets. The Tata Global Network includes submarine cable capacity that connects six continents, a Tier-1 internet backbone and over 300 points of presence worldwide.?
