Tata Communications Limited
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BSE Code:
500483
NSE Code:
TATACOMM
Business Profile
Business Profile
Tata Communications (formerly VSNL), part of Tata Group, was established in 1986 and started as a wholly-owned government corporation. Apart from international long distance (ILD) telephony, VSNL provides various other services like telex, telegraph, leased lines, internet and video-conferencing services. It started internet services in 1995. It was earlier under the control of the government till the time it was divested in favor of the Tata group, which has a 45% stake in the company.
The company is also one of the largest internet service providers in the country. VSNL works out of its associated company Intelsat, New Skies Satellite, a Netherlands-based spin-off being carved out of Intelsat, shares a JV with IL&FS and Essel Shyam in TVC India.
As part of it expansionary plans, it foresees entering into newer businesses like enterprise data and broadband services and leverage its broad range of end-to-end solutions. It also plans to expand services offered through its global business pathway providing the world`s leading businesses with diversified multi-technology connectivity, significant commercial flexibility, and innovative managed services.
Financials
The company reported a sharp rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 5.14 times to Rs 3,023.70 million from Rs 588.60 million in the same quarter previous year. Net sales for the quarter rose marginally 4.32% to Rs 8,869.30 million, while total income for the quarter rose marginally 4.65% to Rs 9,265.90 million, when compared with the prior year period. It reported earnings of Rs 10.61 a share during the quarter, registering 5.13 times growth over prior year period.
Recent Developments
08-JUN-09
Qtel and the company announced a strategic alliance that will strengthen both companies net work reach in the region and internationally.
02-JUN-09
The company has launched Application Performance Visibility Service, a suite of integrated, end-to-end, network and application performance monitoring services with three -tiered service options namely network visibility, application visibility and voice over IP (VoIP) visibility.
12-MAY-09
The company announced the launch of its one world, one account service- a unique offering which allows all Tata Indicom Broadband customers to access high speed internet roaming at over 160 countries using their same account.
06-MAY-09
The company has tied-up with Russian based RTComm to provide joint data services between carriers in Russia and rest of the world.
23-APR-09
The company will introduce telepresence exchange services for Cisco TelePresence, a major expansion of its telepresence services.
20-APR-09
The company`s Live Broadcast service has been deployed by TV5MONDE to distribute key events in real-time via internet.
06-APR-09
The company has inked a pact with Dimension Data to support the Cisco Systems Telepresence suite of products on a worldwide basis.
17-MAR-09
The company is now an anchor tenant customer on the privately owned SEACOM cable system.
02-MAR-09
The company along with UAE based Etisalat announced the launch of enterprise network services, enabling to offer a range of dedicated ethernet services to the customers seeking connectivity in the United Arab Emirates (UAE) and globally.
25-FEB-09
The company launched London 2, a Tier-3 data centre in EMEA market which along with optimizing energy efficiency will provide a state-of-the-art environment for supporting mission critical infrastructures.
19-JAN-09
The company has acquired 30% stake in South Africa based Neotel previously held by Eskom and Transnet.
05-NOV-08
The company has announced that its vulnerability management (mgmt) service (VMS) will now be available globally.
16-OCT-08
Thh company announced the launch of its telepresence rooms available for public use in the United States and United Kingdom, linking to additional public rooms in Mumbai, Bangalore and Chennai, India.