Airtel to acquire Gulf Bridge International s India operations

New Delhi March 6 (IANS) Telecom service provider Bharti Airtel on Tuesday announced an agreement with global cloud service provider Gulf Bridge International (GBI) to acquire the India leg of GBI s India-Middle East-Europe submarine cable system.

"Under the agreement Airtel will acquire the ownership of the India leg of GBI s India-Middle East-Europe submarine cable " the Indian telecom major said in a statement adding that: "Airtel will also pick up a significant capacity on Middle East-Europe section of GBI s cable system."

The company however did not divulge the acquisition amount.

Airtel and GBI also agreed to formulate joint "go-to-market" strategies and leverage the footprint of their respective global networks to serve global customers it said.

"GBI is a multilayer terrestrial and subsea cable-meshed network which bridges the East to the West through the Middle-East " the statement said.

"With this (agreement) we are adding a large capacity to meet the growing data content demand in markets like India as well as serve the connectivity needs of global carriers and enterprise customers " said Ajay Chitkara Director and CEO for Global Voice and Data Business Bharti Airtel.

--IANS
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