New Delhi, June 4 : Tata Communications has added a state-of-the-art "virtual meeting" telepresence suite to its global network in downtown Shanghai. It has been launched in partnership with China Mobile and JW Marriott Hotel Shanghai, the company said here in a statement Tuesday.
Telepresence is the next generation of video-conferencing that provides a fully life-like and high definition 'virtual' meeting experience, which helps to improve all sorts of business interaction through better and more frequent meetings.
India's telecommunication services major, Tata Communications has said today that it has entered into an agreement with Mercedes AMG Petronas F1 team for offering connectivity for the team on all of the F1 tracks.
According to a new statement released, following the agreement, Tata Communications becomes the 'Official Managed Connectivity Supplier' to the team. The indianfirm said that it will work with Mercedes AMG Petronas to provide high-speed, high quality and secure trackside connectivity through Tata Communications' global network.
Telecom service provider, Tata Communications Limited has completed a deal to sell land parcel and building situated at Nungambakkam in Chennai for a consideration of Rs. 192.3 Crores.
According to a new report, the undersea cable connecting Indian systems have suffered various cuts and this is likely to impact internet connectivity in India for the coming two weeks.
Tata Communications has reported a net loss of Rs 260.94 crore in the fourth quarter of the financial year till March 2012.
The company said in a filing with the Bombay Stock Exchange (BSE) that it had reported a net loss of Rs 156.51 crore in the same period of the previous year. On a standalone basis, it posted a 51.76 per cent increase in net profit at Rs 38.2 crore for the fourth quarter compared to Rs 25.17 crore in the same period previous year.
The Supreme Court of India has accepted a review petition filed by the central government on the ruling by the court ordering the cancellation of 2G telecom licenses in the country.
Telecom sector firms, Tata Communications and Vodafone now have until April 19 to submit their bids to acquire British telecoms group Cable & Wireless Worldwide.
Tata Communications is likely to announce its decision in the coming weeks. Tata Communications has reportedly appointed Standard Chartered as an adviser for the acquisition. Vodafone has said that it is too early in the process to comment on the merits of acquiring Cable & Wireless. Both Tata Communications and Cable & Wireless did not offer any comments on the reports.
Tata Communications, a unit of the Tata Group conglomerate, appears to have joined the race to acquire UK's Cable & Wireless Worldwide.
Tata Communications is likely to announce its decision in the coming weeks, according to a source close to the matter. Tata Communications has reportedly appointed Standard Chartered as an adviser for the acquisition.
Tata Communications, a unit of the Tata Group conglomerate, might be planning to bid for UK-based Cable & Wireless Worldwide Plc and will announce its decision in the coming weeks, according to a source close to the matter.
Tata Communications has reportedly appointed Standard Chartered as an adviser for the acquisition. Cable & Wireless Worldwide has a market value of $1.2 billion and has wideranging assets including UK's largest core fiber network and an international enterprise unit.
Stock Market analyst Sudarshan Sukhani has given buy call for Tata Communications.
During an interview with TV channel CNBC-TV18, Sudarshan Sukhani from s2analytics.com said that the charts for Tata Communications are showing bullish patterns. The worst might be over for the stock and medium to long term investors can expect decent returns from the current level.
He further added that he feels technology sector will outperform. And, he has more positive view about technology sector compared to banking stocks.
Tata Communications has said that it is planning to invest Rs 2,250 crore in projects in new product areas.
The Tata group firm is looking to make fresh investments in cloud computing, mobile broadband, video telepresence, submarine cables and data centre projects, according to Managing Director and CEO Vinod Kumar.
Leading telecom service providers, Tata Communications and Bharti Airtel has asked the government to offer clarity on its stance on the 3G services on their networks.
Subodh Bhargava, chairman of telecom equipment maker Tata Communications said that the telecom department of the India government is acting like a police officer rather than a policy maker. Sanjay Kapur, the head of Bharti Airtel's Indian unit, has pointed that unclear policies have affected investor confidence in the sector.
The union telecom ministry has reportedly imposed a penalty of Rs 50 crore each on Bharti Airtel and Tata Communications for violations of International Long Distance (ILD) licence terms and conditions.
The ministry found the two telecom operators in violation of the conditions as they were found to have offered international private lease circuits to foreign company SingTel. IT is believed that the Department of Telecom (DoT) has sent notices to the two operators for violating the terms and conditions of ILD.
Technical analyst SP Tulsian has maintained 'buy' rating on Tata Communications Limited stock with a target of Rs 350.
According to analyst, the stock can attain the said target within a period of six months.
Today, the shares of the company opened at Rs 247.95 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 354.30 and a low of Rs 195 on BSE.
Current EPS & P/E ratio stood at 1.77 and 141.76 respectively.
Technical analyst Anu Jain has maintained 'buy' rating on Tata Communications Limited stock with targets of Rs 262 and 280.
Mr. Singh said that the stock can be purchased with a strict stop loss of Rs 233.
The stock of the company, on March 23, closed at Rs 245.95 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 354.30 and a low of Rs 195 on BSE.
Current EPS & P/E ratio stood at 1.77 and 135.49 respectively.
In a press conference today one of India's major communication companies, Tata Communications, conveyed that it has agreed to acquire BitGravity which is a company that provides network for content delivery over the Internet.
The deal happened at an undisclosed price and other details of the entire deal also remained undisclosed. The transaction when completed will be giving, Tata Communication (Netherlands) a 100 percent ownership of BitGravity.
The new company will be operating as a wholly-owned subsidiary of, Tata Communications.
As its dreams of making it big in the broadband segment were soon on the floor due to the lack of wireless spectrum in the country, it is to be mentioned here that Tata Communications is now busy redrawing its plans for the SMEs sector.
Tata Communications has declared its year-end quarter financial results for the fiscal year 2009-10 and has reported a net loss in this year. The company has posted a loss of Rs 598 crore for the year that ended in 31st March, 2010.
There has been a huge loss at Neotel, South Africa which is a subsidiary of Tata Communications. There has been an annual loss of Rs 464-crore from the shareholding company Neotel itself. Tata Comm holds a 49.01% share in this South African company.
Tata Communications has signed a partnership agreement with SugarCRM, the world's leading provider of commercial open source customer relationship management
(CRM) software, to provide On-Demand CRM applications to its customers in India.
Tata Communications, leading provider of a communication infrastructure and solutions, has noticed a fall of 68% in its net profit for the quarter ended Sep.30, 2009.
During the quarter, the company posted a net profit of Rs 10.45 crore for the quarter ended September 30, 2009 as compared to Rs 32.92 crore for the quarter ended September 30, 2008.
In the same period, company’s total income has decreased from Rs 1035.77 crore for the quarter ended September 30, 2008 to Rs 792.99 crore for the quarter ended September 30, 2009.