Tata Communications climbs on launching Tata Global Network - Eurasia cable

22 Mar 2012 Evaluate

Tata Communications is currently trading at Rs. 231.90, up by 1.70 points or 0.74% from its previous closing of Rs. 230.20 on the BSE.

The scrip opened at Rs. 229.15 and has touched a high and low of Rs. 234.40 and Rs. 227.50 respectively. So far 18950 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.75 on 18-Apr-2011 and a 52 week low of Rs. 176.30 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 236.50 and Rs. 220.20 respectively. The current market cap of the company is Rs. 6640.50 crore.

The promoters holding in the company stood at 76.15% while Institutions and Non-Institutions held 13.58% and 3.63% respectively.

Tata Communication, a leading provider of the new world communications has completed world’s first round-the-world fiber optic cable network with the official launch of its Tata Global Network - Eurasia (TGN-EA) cable. The cable connects Europe to India, through Egypt, bringing increased capacity, resilience and enhanced communications link to not only the Middle East, but to rest of the World.

The completion of final link across Egypt enables the company to offer its customers unique access to a wholly-owned express route cable from Europe to India with improved latency, redundancy and scalability. In conjunction with the company’s recently launched TGN-Gulf these routes will cater to the increasing demand for voice, video and data services in and out of the Gulf region.

The completion of the final TGN-EA link follows significant investment from Tata Communications in its global network in recent years. The TGN-EA cable system now interconnects Europe, India, the Gulf and Middle East seamlessly with the rest of the world while consistently providing higher quality bandwidth on a global scale.

Tata Communications owns and operates the world’s largest subsea cable network which reaches countries representing 99.7 percent of the world’s GDP.

Tata Communications Share Price

1838.60 22.00 (1.21%)
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