Until now, Reliance took a back seat when it comes to international bandwidth in India. VSNL and Bharti Airtel were the leaders in this field. However, Reliance is never satisfied being the backbencher in anything and that is why it has now come out with an impressive project to connect India with the Middle east countries. I am quoting from a report of equitybulls.com:
“Reliance Communications Ltd has announced that the Company owned FALCON Cable System, connecting India to Rest of the World, was inaugurated, by Thiru Dayanidhi Maran, Hon´ble Union Minister for Communications and Information Technology at a hi-tech e-inauguration ceremony at New Delhi on September 05, 2006.
The inaugural call of the 2.56 terabit FALCON Cable System, spanning 4 continents and 11 countries, was made between Thiru Dayanidhi Maran and Dr. Tarek Kamel, Minister of Communications and Information Technology, Egypt, in the presence of Mr. Anil Ambani, Chairman - Reliance ADA Group, marking the commercial launch of the 11,589 route km long undersea cable four months ahead of schedule.”
This project will help Indian companies two ways. Indian IT and telecom companies will be able to reduce the charge of bandwidth with Middle Eastern countries. Secondly, Indian ITES companies will be able to reduce the charge of bandwidth with European nations.
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