TyCom

(TCM)

reached an agreement with India's

DishnetDSL

to build an undersea fiber-optic system that would link a number of Southeast Asian countries to the trans-Pacific segment of the TyCom Global Network and provide broadband connectivity between India and the U.S.

TyCom, an undersea fiber-optic network company, will design and build a 19,000-kilometer network connecting Chennai, India, with Singapore, Guam and Jakarta. The network will be known as the South East Asia Cable Network or SEACN and will connect to the TyCom ring in Guam.

DishnetDSL plans on signing a long-term agreement with TyCom to maintain the system. The total project will be worth more than $1.25 billion.

Shares of TyCom lost 99 cents, or 4.7%, to $20 at the close of

New York Stock Exchange

trading.

TyCom's parent company is

Tyco International

(TYC)

.