Smart ICT's board has approved transfer of additional 5% of its equity share capital held by Centios Company to Tata communications. Prior to the transfer, Tata communications was holding 19% of the paid-up equity share capital of the Smart ICT which has now increased to 24% and consequently, Smart ICT has now become an associate of the company.
Smart ICT has been awarded a contract by the Gujarat International Finance Tec-city (GIFT) to design, finance, establish, install, test, commission and operate and maintain the ICT in GIFT city.
Tata Communications is engaged in providing telecommunications, broadcasting, and information supply services. The company operates through voice solutions and data managed services segments.
