Tata Communications gains on entering into partnership with Etisalat

04 Oct 2013 Evaluate

Tata Communications is currently trading at Rs 211.45, up by 1.35 points or 0.64% from its previous closing of Rs 210.10 on the BSE.

The scrip opened at Rs 212.35 and has touched a high and low of Rs 216.00 and Rs 210.20 respectively. So far 70759 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 257.75 on 04-Jan-2013 and a 52 week low of Rs 136.90 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs 214.35 and Rs 187.15 respectively. The current market cap of the company is Rs 6013.50 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 16.64% and 4.44% respectively.

Tata Communications has entered into a partnership with Etisalat to build a multi-service regional network infrastructure accessed from Etisalat’s SmartHub facility in the UAE. The new multi-service regional network infrastructure includes a core network node in the Smarthub that provides improved connectivity between Etisalat’s Multiprotocol Label Switching (MPLS), Ethernet and Internet Protocol (IP) services and the Tata Communications global network, enabling direct routing of traffic between the Middle East and Africa, Asia and Europe.

The new network node will be supported by Tata Communications’ global network, including its TGN-Gulf cable system, part of its wholly-owned fibre optic subsea cable ring around the world. This will enable enhancement of in-region routing, along with direct connectivity to Kenya and South Africa, Pakistan, India and Europe - providing a platform that strengthens regional connectivity and connections to other regional nodes, including Turkey and Egypt.

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.

Tata Communications Share Price

1800.80 -3.80 (-0.21%)
17-May-2024 16:01 View Price Chart
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