Tata Communications Ltd will invest $300 million into expansion of network, platform and software during 2017-18, and is also looking at acquisitions in new service areas such as Internet of Things, mobility and cloud.

“In telecom, networks need to expand in terms of scale and reach to create infrastructure closer to customers. So, there is a natural amount of spend that is required...We will be spending $150 million on network, and $150 million into platform, software and other capabilities,” Vinod Kumar, MD and Group CEO, Tata Communications Ltd, told PTI.

He said that half of the overall capex would be channelised towards “augmenting network capacity” both the domestic and international leg.

Tata Communications — which last month announced that Tata Communications (Netherlands) has made an investment into Teleena Holding to become single largest shareholder with 35 per cent stake — said it continues to look for similar investments.

Tata Communications (Netherlands) BV is a wholly-owned indirect subsidiary of Tata Communications Ltd.

Asked if the company is looking for more acquisitions, Kumar said, “We are always looking... We will continue to look for...technology specific investments in the areas of our new services to help us augment our capability and go to market faster,” he said.

The acquisitions or investments will be targeted at areas such as security, IOT, mobility and cloud, he said.

However, he did not divulge the ticket size.

The investments in Teleena Holding bolsetered the company’s cross—border mobility services capability, he said.

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