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Thursday, February 7, 2008

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.

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