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Global Cloud Xchange, the submarine cable unit of Anil Ambani-controlled Reliance Communications (RCom), is to lay a sub-sea cable linking Mumbai to Singapore with a total investment of $200 million.
The new ICX cable is part of the company’s strategy to provide a direct route to emerging markets corridor. RCom, which is also in talks with three companies to partner in the project, will invest about $40-45 million in the cable system, Global Cloud Xchange Chief Executive Officer, William Barney, said in a press conference.
The remaining investments would be brought in its three partners, of which one is a technology partner. He, however, declined to name the companies Global Cloud Xchange was in talks to partner with.
The submarine cable would have landing stations at Mumbai, Thiruvananthapuram and Chennai, before proceeding to Singapore, he said, adding that Global Cloud Xchange (formerly Reliance Globalcom) would also look at landing it at cities in Sri Lanka.
The cable will ready to be lit up in 24 months, Barney added.
“This cable will enable us to become the largest submarine cable operator connecting Europe with Asia,” he added.
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