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Mukesh Ambani, Asia's richest man, builds own underwater cable network to meet India's surging data demand

MUKESH Ambani, the chairman of Reliance Industries Limited and the richest man in Asia, is never far from making headlines. The man has already made a big impact in India’s telecom connectivity and now he is building an international submarine cable network. Through this, Ambani wants to place India at the centre of the international underseas cable hub to meet its fast-growing demand for data.

Last month, Reliance Industries said its telecom subsidiary Reliance Jio Infocomm is constructing the world’s biggest international submarine cable system which will be centred around India. In a statement then, Reliance Jio President Mathew Oommen said: “Implementing these critical initiatives in the shadow of a global pandemic is a challenge, but the ongoing pandemic has only accelerated the digital transformation and the necessity of high-performance global connectivity for the delivery of a richer experience to enterprises and consumers.” The statement added that Reliance Jio is currently working with several global partners to deploy two next-generation cables to accommodate the extraordinary surge in India's data demand.


Reliance Jio 1 A cyclist passes by advertising boards of Reliance Jio in Mumbai, the capital of the Indian state of Maharashtra. (Photo by PUNIT PARANJPE/AFP via Getty Images)

A submarine cable system means an integrated channel of cables that are laid on the ocean surface. These cables help in transferring data from one location in the land to another. The network includes cables, hardware components and other infrastructure facilitating communication. The lines under the water that cross the ocean floors are the global internet supply’s backbone, supplying almost the entire world traffic, including most of our calls on the telephone. The lines can withstand earthquakes and heavy ocean currents and have a general lifespan of 25 years. With time, they are also turning out into key strategic assets.

Jio's two submarine cable systems

In January 2020, ET Telecom reported that Jio would deploy two submarine cable systems connecting Singapore and Europe, taking high-bandwidth connectivity from the United States’ western and eastern coasts to help internet users in India, who are growing in high numbers, high-speed data.

The Telecom report cited a source in the industry to say the two submarine systems would provide direct connectivity to the top content hubs worldwide and the deployment would boost India’s data availability.

The two cables Jio are laying are India-Asia-Xpress and India-Europe-Xpress. The first is expected to be ready by 2023 and the latter by 2024.

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Narayana Health enters UK market through Practice Plus Group acquisition

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery.

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Narayana Health enters UK market through Practice Plus Group acquisition

Highlights

  • Narayana Health acquires Practice Plus Group’s 12 UK hospitals and surgical centres.
  • Deal positions Indian healthcare provider among top three in India by revenue
  • Group plans 1,400 new beds across six greenfield hospitals in India within 30 months.

Narayana Health, one of India’s largest healthcare providers founded by renowned cardiac surgeon Dr Devi Prasad Shetty, has acquired UK-based Practice Plus Group Hospitals, marking its entry into the British healthcare market.

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery. Practice Plus Group, the fifth largest private hospital group in the UK, performs approximately 80,000 surgeries annually.

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