Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 06 2018

Airtel to buy Indian leg of Gulf Bridge owned sub-sea cable

Gulf Bridge is West Asia’s first privately-owned sub-sea cable operator.

Bharti Airtel has announced to purchase the India leg of West Asia’s first privately-owned sub-sea cable operator Gulf Bridge International. The asset links the country with West Asia and Europe.

In a statement Airtel said it will also pick up significant share in the West Asia-Europe leg of Gulf Bridge’s sub-sea cable for an undisclosed amount.

It said the Gulf Bridge’s cables will add up long-term bandwidth capacity to Airtel, enabling it to cater to booming data demand across emerging markets like India and Africa.

Ajay Chitkara, director and chief executive of global voice and data business at Airtel, in a statement said, “With this, we are adding a large capacity to meet the growing demand for data and content in markets like India as well as serving the connectivity needs of global carriers and enterprise customers.”

Airtel’s international infrastructure includes i2i sub-sea cable, which connects Chennai to Singapore. It has investments in six other sub-sea cables: South East Asia-West Asia-Western Europe, Asia America Gateway, India-West Asia-Western Europe, Unity, Europe India Gateway, and East Africa Submarine System, according to its annual report.

Strategic investors in Gulf Bridge International include Qatar Foundation Knowledge Ventures, financial institution Gulf Investment Corporation and sovereign wealth funds Qatar Investment Authority, Kuwait Investment Authority, according to its website.

Comment
Related opportunities
  • Guest House / Service Apartments
    About Us: A neoteric conception, U HOSTELS offer a plush accommodation..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About Us: Mahindra First Choice Wheels Ltd (MFCWL) is a part..
    Locations looking for expansion Maharashtra
    Establishment year 1999
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai City Maharashtra
  • Women's clothing
    Kayser is one of the world's leading brands in lingerie,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities