New York (NYSE) & Mumbai (NSE, BSE) – October 9th 2012 – Tata Communications today announces the appointment of Rangu Salgame as the Chief Executive Officer of Growth Ventures. Rangu joins Tata Communications’ Global Management Council and will lead the company’s global high growth businesses with an initial portfolio that includes data centre, cloud, cyber security, media and entertainment.
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Rangu is a global business leader with operating experience in over 30 countries, having partnered with business and government leaders across diverse cultural environments, in developed as well as emerging markets. Rangu has been a transformative growth leader throughout his career and has made market changing impacts at companies such as Cisco Systems, Verizon Communications and PwC. At Cisco he architected and executed a bold strategy that transformed Cisco’s business in India and other emerging markets, with a significant market share gain and accelerated revenue growth. At Verizon he led the founding and growth of Verizon’s internet and data business into a global leader of business communications provider.
“I am delighted to be part of Tata Communications’ exciting journey of transformation in becoming a global market leader. With an unmatched global network and a strong portfolio of assets and customers as well as visionary leadership, the company has a solid base upon which to take its high growth businesses to a whole new level in terms of scale and reach” says Rangu Salgame, Chief Executive Officer of Growth Ventures.
“Rangu brings with him an impeccable track record and I am thrilled to have him as part of Tata Communications as we continue to grow our global business, focusing on heightened value-creation for our customers” says Vinod Kumar, Managing Director and Group CEO, Tata Communications.
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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