Tata Communications trades higher on the bourses

Tata Communications is currently trading at Rs. 229.75, up by 2.90 points or 1.28% from its previous closing of Rs. 226.85 on the BSE.

The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 232.70 and Rs. 228.10 respectively. So far 15382 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 266.35 on 26-Jul-2012 and a 52 week low of Rs. 190.65 on 22-May-2012.

Last one week high and low of the scrip stood at Rs. 236.25 and Rs. 221.50 respectively. The current market cap of the company is Rs. 6535.05 crore.

The promoters holding in the company stood at 76.15% while Institutions and Non-Institutions held 15.57% and 3.31% respectively.

Tata Communications, a leading provider of A New World of Communications, has been selected by Mott MacDonald as its global telecommunications partner for the next five years in a deal worth over $20 million. The company was chosen as a result of its comprehensive range of integrated and unified communications solutions - solutions that will allow the diverse global management, engineering and development consultancy to consolidate its multiple regional systems onto a single platform. The move will create new levels of global collaboration as well as a solid competitive advantage.

The deal marks a strategic alliance between the two companies which will provide renewed centralised communications for Mott MacDonald. The significant investment by the consultancy will further enhance project collaboration between nearly 15,000 employees across 60 countries worldwide. Tata Communications' redesign of its WAN environment and infrastructure for global unified communications will enable Mott MacDonald to centralise business collaboration tools such as document management systems into the cloud, allowing enhanced accessibility for projects requiring reel-time international collaboration. It will also create new levels of communication throughout the organisation, optimising Mott MacDonald's investment in Microsoft Lync as the common global communications tool for both internal and external communication.

The company’s solution is based on hosting Mott MacDonald's managed services such as MPLS, Internet and voice in five strategically located data centres across the world. Collocated for additional resiliency, the data centres form central hubs from which all of Mott MacDonald's cloud-based business applications are housed, and can be accessed remotely through Employee Authentication Services protected by the company’s Managed Security Services. The centralised hubs also act as global voice gateways, meaning Mott MacDonald is able to take full advantage of Tata Communications' superior global inbound and outbound IP Voice capabilities, as well as unlocking the cost savings provided by a single supplier model.

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.