VSNL to invest in an undersea cable to Europe

Tatas-owned Videsh Sanchar Nigam Limited is planning to lay an undersea cable between India and Europe, covering about 10,000 km, at an investment of over $300 million (about Rs 1,350 crore).
When contacted, senior VSNL officials confirmed the plan and said that the company was expecting to have enough demand for bandwidth by 2008 and keeping this in mind VSNL has undertaken the major project.

Story: The Hindu.