Celebrating the journey that transformed the company from a monopoly to a global challenger
Mumbai (BSE) - 11 February 2012 - Tata Communications celebrates its 10th anniversary of a unique public-private partnership that led to the creation of a truly global player in the communications services space. During this decade, the company transformed from an India-centric, international voice monopoly to a globally recognised, trans-national service provider. This shift is the result of visionary leadership of the Tata group, coupled with the trust of our various stakeholders, including the Government of India, that continues to own 26% equity stake in Tata Communications.
Serving over 1,600 global service providers and 50,000 corporate customers across the globe (including more than 260 of the top 2,000 MNCs), Tata Communications had revenues of about Rs.12,000 crores ($2.6 Billion) in 2010-11. Significant growth has resulted in Tata Communications employing 7,800 people, almost double the number from 10 years ago. This diversity is further reflected in its global leadership team with executives in 14 cities across nine countries.
Tata Communications has invested more than Rs. 17,000 crores (over $3.6Bn) since 2002, in acquiring and building network & data centre infrastructure, technology & service capabilities and entering new markets. The Tata Global Network includes submarine cable capacity that connects six continents, a Tier-1 internet backbone and over 300 points of presence worldwide.
The company has been recognised by top global industry analysts, media and industry forums for its leadership and innovation. Its Global IP Voice network and its TGN-Intra Asia and TGN-Eurasia submarine cables won the Global Telecoms Business Innovation Awards for network transformation. Tata Communications also won Best Wholesale Service in APAC 2011 and Best Ethernet Service Provider in APAC 2011 (for the 2nd year in a row) at the MEF Carrier Ethernet Service Provider Awards; and had been recongnised as the Managed Telepresence Service Provider of the Year by the European CEO magazine in 2010. Tata Communications was also recently positioned as a Visionary on the Gartner Magic Quadrant for Global Network Service Providers, 2011.
Commenting on the occasion, Vinod Kumar, MD & CEO, Tata Communications, says, "The Tata Communications transformation story is a matter of pride not just for all of us in the company, but also for all our stakeholders; indeed, it is a matter of pride for India that a global challenger in the hyper-competitive communications space has been created in less than a decade. The Tata Communications story is a great example of how a public-private partnership can create real business value, not just in the Indian market, but globally. There have been the natural ups and downs, coupled with so much more to achieve. The journey has been truly worthwhile as a result of the support from one of the best teams in the business."
"We are but in the early stages of our global journey. When we look ahead, we see immense potential; we also feel confident that we have created the foundation that allows us to face the future with an intention to win."
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 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, update or alter its forward-looking statements.
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