Tata Communications admitted that the current debt and the subsequent interest rate associated with it, may prove to be huge but said the company is well positioned to handle it.

“The interest cost will be a huge outgo but we will be able to handle it. For a company like ours, raising capital shouldn’t be very difficult even in these market conditions,” said company CFO Sanjay Baweja. He added that the company’s debt-to-equity ratio is less than one.

The company said that it will speed up execution of its ongoing projects. Additionally the move to offload some stake in its retail broadband unit will only be decided after clarity on WiMAX rollout in the country since the company believes that it will help in increasing the valuation of the company.