India's Tata Communications eyes $2b expansion

India's Tata Communications plans to invest $2 billion over the next three years to fuel global expansion, an Associated Press report said.

The Associated Press report quoted N. Srinath, chief executive and managing director, as saying that the company will focus particularly on emerging markets.

Tata intends to focus on internet-based services through Tata Global Network, which runs the company's undersea cable network, the Associated Press report said.

The company, earlier known as VSNL, 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, the Associated Press report further said.