i Develop Stocks Advisory

Bharti, VSNL join undersea cable deal A nine-company consortium that includes Bharti Airtel and Tata-owned Videsh Sanchar Nigam Ltd signed a formal construction and maintenance agreement in Rome today to build a high-capacity fibre-optic submarine cable from India to France via Egypt and Italy. The cable will cost $400 million to $450 million to build. Known as I-ME-WE (India, Middle East, Western Europe), this is the fifth in the series of similar cable systems.