Tata, Verizon beef up backbone offerings

India-based network operator Tata Communications has this week launched a low latency, pure multipoint Ethernet network to connect major financial capitals in Asia, the UK and the US.

The network will enable financial firms to execute a high frequency trade between locations, such as London and Hong Kong or New York and Singapore. Tata claims the multipoint service has been designed to offer up to 35 per cent savings on circuit and operations costs and service level agreements (SLAs) include near-real-time latency guarantees.

In related news, US-based carrier Verizon has announced a major upgrade to its IP network infrastructure across Europe and the US. Boosted by the Juniper Networks’ PTX series multiprotocol label switching (MPLS) platform, the capacity of  Verizon’s IP backbone has increased to  a blinding 8Tbps.

“Service providers face significant operational challenges as packet data traffic volume across global wireline and broadband wireless networks is forecast to increase seven-fold by 2015, driven by significant increases in internet, IP data, video, over-the-top traffic, content distribution networks and mobile data traffic,” said Nav Chander, research manager, enterprise telecom at IDC. “Verizon’s decision to deploy a next-generation packet optimised core transport solution helps Verizon better prepare and manage this network growth for the diverse packet data applications across its global network infrastructure and portfolio of wireless and wireline services.”