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NTT to invest $500m a year in India for data centers, other tech infrastructure

Japanese telecom group also plans undersea cable stations in Mumbai, Chennai

A stockbroker and her family attend an event in Mumbai. NTT plans to invest more in India's digital infrastructure.   © Reuters

TOKYO -- Japan's Nippon Telegraph and Telephone revealed Friday that it will invest $500 million annually for the next several years in India, which the telecom group sees as its most important foreign market in Asia.

The planned investments in digital infrastructure include nine more data centers, which would roughly double NTT's IT load capacity in the country to 300 megawatts. NTT also intends to build landing stations for undersea communications cables in Mumbai and Chennai in 2023.

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