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TTML gains as its arm inks exclusive partnership with Mumbai International Airport

28 Jan 2014 Evaluate

Tata Teleservices (Maharashtra) is currently trading at Rs. 7.36, up by 0.16 points or 2.22 % from its previous closing of Rs. 7.20 on the BSE.

The scrip opened at Rs. 7.25 and has touched a high and low of Rs. 7.44 and Rs. 7.20 respectively. So far 45918 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 12.50 on 28-Jan-2013 and a 52 week low of Rs. 4.98 on 13-Jun-2013.

Last one week high and low of the scrip stood at Rs. 7.91 and Rs. 7.10 respectively. The current market cap of the company is Rs. 1407.55 crore.

The promoters holding in the company stood at 74.90 %, while Institutions and Non-Institutions held 0.69% and 24.42 % respectively

Tata Teleservices Maharashtra (TTML), the fully-owned subsidiary of Tata DOCOMO, has entered into an exclusive partnership with GVK-led Mumbai International Airport (MIAL), which spreads across 4.3 million square feet, to offer end-to-end voice and data services at the recently inaugurated T2 terminal at CSIA. Tata Docomo will provide reliable and cost-effective fixed voice and data services for its captive use as well as for concessionaires at the airport, which will be one of the country’s busiest airports serving over 40 million passengers and handling nearly 6.5 lakh tonnes of cargo annually.

Tata Docomo will provide voice and data telecommunication services, including internet leased lines, ISDN PRI, ADSL, MPLS and broadband connections. The broad scope of collaboration will also entail supplying, installing, commissioning, operating, managing and maintaining the related telecommunications infrastructure and equipment at the airport for a seven-year period.

Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa. Tata Docomo has already partnered with the Delhi and Hyderabad airports to provide connectivity solutions. Tata Docomo has a strong presence in the enterprise space, across industry verticals — BFSI, IT, ITeS, services, manufacturing, government and PSU.

 

 

Tata Teleservice(Mah Share Price

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