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Tata Communications shines on plan to invest as strategic partner in Seaborn Networks’ US-Brazil cable

19 Jan 2015 Evaluate

Tata Communications is currently trading at Rs. 435.00, up by 8.15 points or 1.91% from its previous closing of Rs. 426.85 on the BSE.

The scrip opened at Rs. 428.00 and has touched a high and low of Rs. 438.65 and Rs. 427.90 respectively. So far 18841 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 474.30 on 03-Dec-2014 and a 52 week low of Rs. 260.10 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 438.65 and Rs. 418.50 respectively. The current market cap of the company is Rs. 12255.00 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 18.48% and 6.53% respectively.

Tata Communications, a leading provider of A New World of Communications, has announced for investment for purchase of significant capacity in Seaborn Networks cable system between Brazil and US. Seaborn Networks plans for the Seabras-1 system to be ready for service in the fourth quarter of 2016.

With the Seabras-1 cable landing in Tata Communications’ Wall cable landing station in the US, this will also enable seamless extension of its TGN-network. Tata Communications owns and operates the world’s largest and most advanced subsea fibre cable network. Presently, over 24% of the world’s Internet routes travel over Tata Communications’ network, and the company is the only Tier-1 provider that is in the top five by routes in five continents.

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.

 

Tata Communications Share Price

1521.05 -41.30 (-2.64%)
17-Apr-2026 16:59 View Price Chart
Peers
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