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Tata Communications to focus on reduction and rebalancing costs across the portfolio

21 Dec 2012 Evaluate

Tata Communications, taking cautious approach due to uncertain global economic outlook, will focus on reduction and rebalancing costs across the portfolio.

The company, recently, has cut down 300 jobs across global operations as part of its review to align business with current business need.

On consolidated basis, the company reported a net loss of Rs 274.24 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 165.20 crore for the same quarter in the previous year.

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.


 

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