Leading analyst firm recognises Tata Communications' 'completeness of vision' and 'ability to execute'
Mumbai (NSE & BSE) & New York (NYSE) - March 26th 2013 - Tata Communications, a leading provider of A New World of Communications, today announces its inclusion in the Leaders’ Quadrant in the latest Gartner Magic Quadrant for Asia/Pacific Network Service Providers (NSP) for 2012. The Magic Quadrant evaluates NSPs based on their completeness of vision and ability to execute.
Gartner, in its report, says, "Leaders provide mature offerings that meet market demand and demonstrate the vision necessary to sustain their market position as requirements evolve. Like Tata Communications in Asia Pacific, ‘Leaders’ typically have a large satisfied customer base and high visibility within the market."
"During the past year, we've made significant investments in our network service offering to meet the needs of enterprises in Asia Pacific and globally," said Genius Wong, Senior Vice President, Global Network Services, Tata Communications. "We have the world's first wholly-owned fibre optic sub-sea cable network ring round the globe, and have deployed Provider Backbone Bridge (PBB) technology to launch the world's only Ethernet-based low latency network connecting the financial hubs of Tokyo, Hong Kong, Singapore, London, New York and Chicago. These investments have helped us gain a lot of traction and market recognition for our capabilities amongst multinationals worldwide, particularly in Asia Pacific. This recognition by Gartner not only confirms our ability to ensure seamless connectivity to our customers, but also affirms our cutting edge network services."
Today, Tata Communications is the world's largest carrier of international wholesale voice traffic; it carries 20% of the world's internet traffic directly over its network; it has over 15 terabits of international bandwidth lit capacity; and it owns over 1 million square feet of data centre and colocation space across 42 global locations. Tata Communications was the first company to introduce public Telepresence rooms and has the largest public Telepresence room network in the world. Its wholly-owned cable ring underpins Tata Communications’ compelling communications offerings.
To view the full report, please visit Gartner.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant and does not advise technology users to select only those vendors placed in the Leaders quadrant. The Magic Quadrant is intended solely as a research tool and is not meant to be a specific guide to action. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1 Gartner, Inc. "Magic Quadrant for Asia/Pacific Network Service Providers", November 28th 2012. Authors: To Chee Eng, Bjarne Munch, Vincent Fu, Kenshi Tazaki
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 Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 200 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre 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.