Tata Communications gains on adding Microsoft Azure Virtual WAN service to its IZO cloud platform

15 Jul 2019

Tata Communications is currently trading at Rs. 495.20, up by 4.65 points or 0.95% from its previous closing of Rs. 490.55 on the BSE.

The scrip opened at Rs. 493.00 and has touched a high and low of Rs. 495.20 and Rs. 492.30 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.65 on 02-Apr-2019 and a 52 week low of Rs. 435.95 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 518.00 and Rs. 440.70 respectively. The current market cap of the company is Rs. 13980.68 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 20.61% and 4.40% respectively.

Tata Communications is expanding its global relationship with Microsoft with the addition of managed services capability for Azure Virtual WAN. Enterprises worldwide are now able to combine IZO Internet WAN with the Microsoft global network to connect employees seamlessly and securely to cloud-based applications and data through the new managed service.

Furthermore, through the IZO SDWAN service, enterprises are able to gain greater visibility and control over this hybrid network infrastructure. The company is one of the first partners to leverage a new Azure Service Provider Management Toolkit, launched at Microsoft Inspire, as part of the Azure Networking Managed Services Partner (MSP) Program.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323