Tata Communications to invest $300 mn to expand network, platform in FY18

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.