Tata Communications Ltd. is planning to spend $200 million to $250 million as capital expenditure in telecom infrastructure business over the next two fiscal years according to a Wall Street Journal report.

The company also aims to bring down the losses.

Loss-making Tata Communications has been suffering from a crash in bandwidth prices as a slew of global alliances between telecom companies launched their own undersea cables, leading to excess capacity.

The report has quoted Chief Executive Vinod Kumar to say that the company is also planning to infuse $500 million to $600 million of capital into its business by raising equity.

Also on company’s agenda is the resolution of a pending issue regarding the sale of excess land reserves held by state-run Videsh Sanchar Nigam Ltd.–a communications provider in which the Tata group acquired a controlling stake in 2002 and renamed Tata Communications–in the next six to 12 months.