Tata Communications Plans $2B Expansion

NEW DELHI — India's Tata Communications Ltd. said Wednesday it plans to invest $2 billion over the next three years to fuel global expansion.

The company will focus particularly on emerging markets, said N. Srinath, chief executive and managing director.

Tata intends to focus on Internet-based services through Tata Global Network, which runs the company's undersea cable network.

The company, earlier known as Videsh Sanchar Nigam Ltd., combined its different brands — VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit and Cipris — under Tata Communications, according to a statement.

Tata Communications is laying additional undersea cables connecting Asia, the Middle East and Africa to Europe as it caters to corporate and retail broadband customers over the next five to eight years, the statement said.

The company is a part of the conglomerate Tata Group, which has business interests that include steel, automotive, technology and beverages.

Shares of Tata Communications rose 3.5 percent in afternoon trade to 463.6 Indian rupees.

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