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Reliance Industries Arm to Lay New Subsea Cable System in Maldives

Reliance Industries (RELIANCE, BOM:500325) said its telecom arm, Reliance Jio Infocomm, plans to land the multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives, according to a Monday filing.

The high-capacity and high-speed IAX system, which will connect Hulhumale directly with major internet hubs in India and Singapore, is expected to be ready for service end-2023, according to a Monday filing.

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Source: MT Newswires

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