Tata Communications soars on launching Telepresence suite

Tata Communications is currently trading at Rs. 203.40, up by 8.95 points or 4.60% from its previous closing of Rs. 194.45 on the BSE.

The scrip opened at Rs. 202.00 and has touched a high and low of Rs. 204.90 and Rs. 199.10 respectively. So far 29147 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. 191.50 on 03-Jun-2013.

Last one week high and low of the scrip stood at Rs. 223.00 and Rs. 191.50 respectively. The current market cap of the company is Rs. 5757.00 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, declared that the addition of a state-of-the-art ‘virtual meeting’ Telepresence suite to its global network, situated in the heart of downtown Shanghai. Launched in partnership with China Mobile and JWMarriott Hotel Shanghai, the new in-hotel facility located within the 5 luxury JW Marriott Hotel Shanghai Tomorrow Square, provides participants a life-sized, high definition and immersive virtual collaboration experience.

Telepresence is the next generation of video conferencing that provides a fully immersive, life-like and high definition ‘virtual’ meeting experience. This creates the potential to improve all sorts of business interaction through better and more frequent meetings, resulting in stronger customer relationships and accelerated sales cycles, better project management and tighter integration of remote offices.

Through a partnership with China Mobile, the JW Marriott Hotel Shanghai Telepresence facility will be connected to Tata Communications’ Global Meeting Exchange Telepresence inter-exchange network - one of the broadest and widest-reaching Telepresence networks available today. This network has connectivity to all Tata Communications’ private

Telepresence rooms as well as the customers of service providers with whom it has interexchange connectivity agreements in place, and vice versa. Tata Communications’ Global Meeting Exchange Telepresence inter-exchange network also serves as a gateway to its public room Telepresence network with more than 40 rooms across five continents.