Lightstorm secures $262m debt facility for India-Malaysia-Singapore subsea cable

Singapore-based connectivity provider Lightstorm announced today that it has secured Rs 25 billion ($262m) in debt financing for the development of a major subsea cable system linking India with Malaysia and Singapore. The funding, structured as a debt facility led by India-based IndusInd Bank, marks a significant milestone for the I-2SEA cable project, which was first unveiled by the company last month. The 3,600km (2,236-mile) I-2SEA cable will connect Hyderabad and Chennai on India's east coa