Tata-owned Videsh Sanchar Nigam Ltd said on Thursday it will invest $600 million to connect two international submarine cable networks.
The company also announced a 40 per cent reduction in prices for its international bandwidth a move that will help various BPO companies and call centre operations.
The cable network will connect India to Europe and Asia's Singapore, Hong Kong and Japan.
The investment will be funded through the resale of bandwidth and through strategic partnership as well as internal accruals, VSNL's Executive Director N Srinath told reporters in Mumbai.
This would enhance the link between VSNL Tata Indicom cable and TGN Network. The new cables system is a significant step in expanding our global footprint and connectivity, Srinath said.
The telecom major has reduced its international private leased circuit prices in India by 25 per cent from September one.
It has announced a reduction in internet leased lines by upto 40 per cent.
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