Tata Communications heightens its emphasis on Singapore with a planned 60% increase in staff and a local investment of close to SGD $440 million over the next four years
Singapore, May 11, 2011 – Tata Communications, a leading provider of a new world of communications, today announces its official International Headquarter Status appointment, in Singapore, by the Singapore Economic Development Board (EDB). The company made the announcement at a formal ceremony attended by Mr. S. Iswaran, Senior Minister of State for Trade & Industry and senior officials from Singapore’s Economic Development Board.
At the event, Tata Communications announced plans to increase its local Singapore workforce by 60% over the next four years. This includes the addition of 40 new staff to Tata Communications’ global managed services control tower, as well as additional staff into its next generation services development centre. Tata Communications will also invest approximately SGD $110 million per year over the next four years. The planned investments reinforce the organisation’s continued focus on innovation and support of both its customers and the Singapore market.
“The official accreditation of International Headquarter Status by the Singapore government has come on the back of our long-term commitment and continued investment in the region. We are very proud of the recognition that EDB has given us,” said Vinod Kumar, Managing Director and CEO, Tata Communications, part of the US$67.4 billion Tata Group.
“We’ve chosen to base our international headquarters in Singapore because it is truly a global city. Strong trade and investment has made it the most competitive Asian country today with a vibrant economy which has led to its growing business-hub status on the world map. We’re here for the long term with strategically planned business investments that will benefit Singapore and its citizens. One of the many benefits of placing our international headquarters in Singapore is the access to its world-class technical and business expertise. We want to play a continued role in encouraging global innovation by employing the best local talent available, at all levels of the business,” concluded Kumar.
Mr. S. Iswaran, Senior Minister of State for Trade & Industry said at the event, “I would like to congratulate the management and staff of Tata Communications for their vision in choosing Singapore to drive the next phase of your growth. We warmly welcome your expansion here as it underpins the tremendous growth opportunities that Asia has to offer.”
Tata Communications’ Singapore headquarters has played a pivotal role for the APAC region since 2004, acting as a springboard to other global markets and a co-ordination point for the company’s business and operational activities in the region.
The company has invested considerably in Singapore over the last few years, helping to not only support local job creation but also to boost the attractiveness of Singapore as a business destination for global businesses. The company invested in a US$180 million state-of-the-art Singapore-based data centre, TCX, in 2010. The data centre is expected to attract an increasing number of companies routing and hosting their data in Singapore. The first public Telepresence room in the region was launched in Singapore in conjunction with the Rendezvous Hotel Group in 2010 and earlier this year, Singapore was chosen as the market to launch Tata Communications’ international cloud offering – InstaCompute.
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in operators in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange. (NYSE: TCL)
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications’ various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, updates or alters its forward-looking statements.