Tata Communications to invest $500 mn in Wimax

New Delhi, March 05, 2008: Tata Communications has announced an investment of dolure 500 million for its wireless broadband venture on WiMax platform and has entered into a partnership with US-based Telsima Corporation for equipments.

The company will invest dolure500 million by 2010 in Wimax technology and is in talks with investors to sell minority stake in retail business.

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