Hotline: 1800 102 2007
Hotline: 1800 102 2007
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.

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

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • SmartChargEV is an infrastructure enterprise on mission to make available..
    Locations looking for expansion Telangana
    Establishment year 2021
    Franchising Launch Date 2021
    Investment size Rs. 50lac - 1 Cr.
    Space required 4500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Tea And Coffee Chain
    Chaubara is born out of common meeting place in a quintessential Indian villages..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Online Food Ordering Services
    Tadka.Live introduced the cost effective online food delivery business model..
    Locations looking for expansion Gujarat
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater jalalpore Gujarat
  • Healthcare & Medical Products
    About Us: Hippnation started as India’s first online powered brand and..
    Locations looking for expansion Delhi
    Establishment year 2020
    Franchising Launch Date 2016
    Investment size Rs. 10000 - 50000
    Space required 150
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities