Is Tata Communications a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Communications Ltd is a good quality company .

Is Tata Communications undervalued or overvalued?

The key valuation ratios of Tata Communications Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Tata Communications share price return in the past 10 years?

Tata Communications Ltd share price has appreciated 16% annually (CAGR) over the past ten years.

Is Tata Communications a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tata Communications Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Tata Communications Ltd - Stock Valuation and Financial Performance

Name: Tata Communications
Brand: Tata Communications

BSE: 500483 | NSE: TATACOMM | Telecommunication - Service Provider | Mid Cap

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Tata Communications Share Price

₹1,771.60 -16.35 -0.91%
as on 31-Oct'24 16:01

10 Year X-Ray of Tata Communications:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8.1%	6.4%	-1.3%	3.9%	7.7%	6.4%	20.8%	25%	27.9%	17.3%	-
Value Creation Index ⓘ	-0.4	-0.5	-1.1	-0.7	NA	NA	0.9	1.2	1.5	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	19,913	18,149	17,620	16,772	16,525	17,068	17,100	16,725	17,838	20,969	22,726
Sales YoY Gr.	-	-8.9%	-2.9%	-4.8%	-1.5%	3.3%	0.2%	-2.2%	6.7%	17.6%	-
Adj EPS ⓘ	-5.2	10.5	-0.6	-0.7	-2.4	-1.6	46	51.4	60	39.6	32.5
YoY Gr.	-	NA	-105.2%	NA	NA	NA	NA	11.7%	16.7%	-34%	-
BVPS (₹) ⓘ	11.3	-12.8	55.9	17.5	-6.4	-44.9	4.1	32.6	53.3	62.5	62.4
Adj Net Profit ⓘ	-149	299	-15.7	-20.9	-66.9	-46	1,312	1,465	1,710	1,128	926
Cash Flow from Ops. ⓘ	3,028	2,363	2,394	1,713	1,844	2,525	3,180	4,204	4,384	3,182	-
Debt/CF from Ops. ⓘ	4.3	6	3.9	5.2	5.4	4.3	3.1	1.9	1.7	3.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.6%	4.9%	7%	17.6%
Adj EPS ⓘ	NA	NA	-4.9%	-34%
BVPSⓘ	21%	NA	149%	17.4%
Share Price	16%	37.6%	11.9%	6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-26.5	-1428.6	-2.6	-2	-42.1	6.3	-225.6	280.9	139.8	68.3	52
Op. Profit Mgn % ⓘ	15	11.6	13.7	14.4	16.6	19.3	24.9	25.2	24	20.2	19.5
Net Profit Mgn % ⓘ	-0.7	1.7	-0.1	-0	0.5	-0.3	7.7	8.7	9.4	5.3	4.1
Debt to Equity ⓘ	40.7	-39.2	5.8	17.9	-54.6	-8.4	86.3	8.5	5	5.7	4.5
Working Cap Days ⓘ	211	173	122	125	127	129	127	119	107	102	51
Cash Conv. Cycle ⓘ	-33	-28	-26	-27	-26	-26	-29	-26	-22	-13	-47

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 5.68

Sales growth is good in last 4 quarters at 21.36%

Return on Equity has declined versus last 3 years average to 52.00%

Sales growth has been subdued in last 3 years 7.03%

Net Profit has been subdued in last 3 years -4.92%

Latest Financials - Tata Communications Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.9	32.5
TTM Sales (₹ Cr.)	7,612	22,726
BVPS (₹.) ⓘ	338.1	62.4
Reserves (₹ Cr.) ⓘ	9,351	1,493
P/BV ⓘ	5.24	28.40
PE ⓘ	137.18	54.52

From the Market
52 Week Low / High (₹)	1597.70 / 2175.00
All Time Low / High (₹)	68.00 / 2175.00
Market Cap (₹ Cr.)	50,491
Equity (₹ Cr.)	285
Face Value (₹)	10
Industry PE ⓘ	70.3

Management X-Ray of Tata Communications:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

4.96

3.14

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Tata Communications

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Tata Communications

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	19,913	18,149	17,620	16,772	16,525	17,068	17,100	16,725	17,838	20,969
Operating Expenses ⓘ	16,952	16,059	15,232	14,425	13,812	13,805	12,898	12,509	13,563	16,740
Manufacturing Costs	12,029	10,991	10,397	9,459	8,773	8,963	8,491	8,225	8,536	10,505
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	2,809	2,740	2,839	2,978	2,960	3,039	3,049	3,040	3,597	4,453
Other Costs ⓘ	2,114	2,329	1,996	1,988	2,080	1,803	1,358	1,243	1,429	1,783
Operating Profit ⓘ	2,961	2,089	2,388	2,347	2,713	3,263	4,202	4,216	4,276	4,229
Operating Profit Margin (%)	14.9%	11.5%	13.6%	14.0%	16.4%	19.1%	24.6%	25.2%	24.0%	20.2%
Other Income ⓘ	429	749	378	325	92	96	216	343	406	284
Interest ⓘ	751	409	367	344	397	471	420	360	432	644
Depreciation ⓘ	2,161	1,864	1,866	1,906	2,068	2,358	2,314	2,205	2,262	2,470
Exceptional Items ⓘ	-105	-103	-1,063	-376	2	-391	-75	6	76	-236
Profit Before Tax ⓘ	373	462	-530	46	343	140	1,609	2,000	2,063	1,163
Tax ⓘ	370	233	236	355	273	227	355	522	297	214
Profit After Tax	3	229	-766	-309	70	-87	1,254	1,478	1,767	950
PAT Margin (%)	0.0%	1.3%	-4.4%	-1.8%	0.4%	-0.5%	7.3%	8.8%	9.9%	4.5%
Adjusted EPS (₹)	0.1	0.3	43.3	-11.5	-2.9	-3.0	43.9	52.0	63.0	34.0
Dividend Payout Ratio (%)	0%	1,412%	14%	-39%	-156%	-133%	32%	40%	33%	49%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	321	-363	1,592	499	-182	-1,278	115	928	1,518	1,782
Share Capital ⓘ	285	285	285	285	285	285	285	285	285	285
Reserves ⓘ	36	-648	1,307	214	-467	-1,563	-170	643	1,233	1,497
Minority Interest	6	7	18	4	6	5	28	28	30	4
Debt	9,331	12,199	8,376	7,677	9,165	9,086	9,801	6,582	5,264	7,898
Long Term Debt	7,607	9,926	6,811	5,898	6,794	6,798	8,886	5,991	5,009	4,746
Short Term Debt	1,725	2,273	1,565	1,779	2,371	2,288	915	591	255	3,152
Trade Payables	3,670	3,576	3,581	3,472	3,689	3,845	3,239	3,006	3,277	3,656
Others Liabilities ⓘ	16,709	9,572	7,465	7,857	7,185	10,224	7,839	8,907	10,108	10,505
Total Liabilities ⓘ	30,037	24,990	21,033	19,510	19,862	21,882	21,023	19,451	20,197	23,844
Fixed Assets
Gross Block	30,346	31,162	26,840	28,396	30,997	35,152	35,082	35,294	35,596	38,771
Accumulated Depreciation	15,642	16,718	16,126	17,811	19,981	22,762	23,956	24,755	25,493	25,690
Net Fixed Assetsⓘ	14,704	14,444	10,714	10,584	11,016	12,390	11,126	10,540	10,103	13,082
CWIP ⓘ	638	800	751	520	361	349	493	852	1,148	1,327
Investmentsⓘ	1,768	1,831	2,434	1,250	1,491	1,563	2,233	1,565	1,951	1,608
Inventories	26	25	19	27	77	73	34	38	160	84
Trade Receivables	2,487	3,019	2,590	2,953	2,968	3,229	2,608	2,582	2,735	3,758
Cash Equivalents	1,621	1,976	1,079	1,296	852	909	927	743	1,063	842
Others Assetsⓘ	8,793	2,896	3,446	2,879	3,096	3,369	3,601	3,130	3,039	3,143
Total Assets ⓘ	30,037	24,990	21,033	19,510	19,862	21,882	21,023	19,451	20,197	23,844

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3,028	2,363	2,394	1,713	1,844	2,525	3,180	4,204	4,384	3,182
PBT ⓘ	373	263	2,019	29	193	142	1,609	2,000	2,063	1,163
Adjustment ⓘ	2,901	2,967	1,138	2,541	2,694	2,913	2,620	2,520	2,580	3,339
Changes in Working Capital ⓘ	-134	-443	-23	-593	-475	-251	-553	-405	-55	-1100
Tax Paid ⓘ	-112	-424	-740	-265	-567	-279	-496	89	-204	-220
Cash Flow From Investing Activity ⓘ	-1,902	-2,311	943	-504	-2,288	-1,530	-2,005	-895	-1,842	-2,644
Capex	-1,771	-2,029	-1,795	-1,540	-1,732	-1,486	-1,343	-1,647	-1,443	-2,033
Net Investments	48	15	-25	619	-561	-52	-691	745	-359	316
Others ⓘ	-178	-297	2,763	418	5	8	29	7	-40	-928
Cash Flow From Financing Activityⓘ	-1,388	-9	-3,276	-959	-28	-942	-1,205	-3,431	-2,241	-813
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-63	243	-2,935	-565	-36	170	855	-2,081	-605	-502
Interest Paid ⓘ	-628	-581	-309	-276	-353	-385	-252	-248	-349	-528
Dividend Paid ⓘ	-149	-188	-145	-206	-154	-153	-114	-399	-590	-599
Others ⓘ	-548	517	113	87	515	-575	-1,694	-704	-697	816
Net Cash Flow ⓘ	-262	43	61	250	-471	53	-30	-122	302	-275

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.53	N/A	-124.78	-29.58	N/A	N/A	0	283.37	144.48	57.55
ROCE (%)	8.06	N/A	-1.32	3.86	N/A	N/A	20.79	24.98	27.92	17.25
Asset Turnover Ratio	0.66	0.66	0.77	0.83	0.84	0.82	0.8	0.83	0.9	0.95
PAT to CFO Conversion(x)	1009.33	10.32	N/A	N/A	26.34	N/A	2.54	2.84	2.48	3.35
Working Capital Days
Receivable Days	48	55	58	60	65	66	62	57	54	57
Inventory Days	1	1	0	1	1	2	1	1	2	2
Payable Days	0	0	0	0	0	0	0	0	0	0

Tata Communications Ltd Stock News

Tata Communications Ltd FAQs

What is the share price of Tata Communications?

Company share prices are keep on changing according to the market conditions. The closing price of Tata Communications on 31-Oct-2024 16:01 is ₹1,771.6.

What is the market cap of Tata Communications?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Tata Communications stood at ₹50,490.6.

What is the P/E ratio of Tata Communications?

The latest P/E ratio of Tata Communications as of 31-Oct-2024 16:01 is 137.2.

What is the P/B ratio of Tata Communications?

The latest P/B ratio of Tata Communications as of 31-Oct-2024 16:01 is 5.24.

What is the 52-week high and low of Tata Communications?

The 52-week high of Tata Communications is ₹2,175 and the 52-week low is ₹1,597.7.

What is the TTM revenue of Tata Communications?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Communications is ₹7,612 ( Cr.) .

About Tata Communications Ltd

Tata Communication, incorporated in 1986 is part of the $62.5 billion Tata Group. The company, formerly Videsh Sanchar Nigam (VSNL), was acquired from the Government of India. It is leading global provider of a new world of communications. It provides a range of services that includes transmission, IP, converged voice, mobility, managed network connectivity, hosting and storage, managed security, managed collaboration and business transformation for global enterprises and service providers, as well as Internet, retail broadband and content services for Indian consumers. Tata Communications has most advanced & largest submarine cable networks. Tata Communications is listed on the Bombay Stock Exchange and the National Stock Exchange of India.

Business area of the company

Tata Communications is a digital ecosystem enabler that powers today’s fast-growing digital economy.

Products & Solutions

Network
Cloud
Security
Mobility & IoT
Unified Communications
Carrier Services
Media & Entertainment
Content Delivery Network
Resources

Awards

2000-01

VSNL received the best ISP award from PC Quest magazine in 2000

2003-04

VSNL has received various other awards and certifications including the ‘Top International long distance (ILD) Operator’ and the ‘Top Internet Service Provider’ awards at the Voice & Data 100 annual awards.

2006-07

World Communications Awards, 2006 - LONDON
TelecomAsia Awards, 2006 - PHUKET
2006 Global Wholesale Telecommunications Awards - AMSTERDAM

2007-08

Atlantic ACM Excellence in Wholesale 2008.
Frost & Sullivan #1 Enterprise Data Services Provider in India 2007
Best Wholesale Carrier at the Telecom World Middle East 2007
Best Pan-Asian Wholesale Provider at the Capacity Global Awards 2007
Telecom magazine Tele.net’s award for Best Long Distance Operator
Tele.net’s award for the Best Internet and Broadband Operator

2008-09

Global Telecoms Business Innovation Award for International Wholesale Infrastructure Transformation and International Network Infrastructure Transformation
2008 Telephony Award for Most Innovative Managed Service
Best Market Strategy at 2008 Global Wholesale Telecommunications Awards
Frost & Sullivan #1 Enterprise Data Services Provider in India 2008

2009-10

Best Global Wholesale Offering Award from Capacity magazine, one of the most important publications for telecommunications carriers and service providers
Global Telecoms Business Innovation Award for International Wholesale Infrastructure Transformation and International Network Infrastructure Transformation
European CEO announced Tata Communications as Telepresence Managed Service Provider of the Year 2009
Frost & Sullivan named the Company 1 Enterprise Data Services Provider in India 2009
In March 2010, Tata Communications entered the Gartner’s Magic Quadrant for Global Network Service Providers.
Frost & Sullivan’s 2009 Product Innovation award for Managed Telepresence Service.
“Best service coverage” in the 2009 Optical Transmission Vision (OTV) APAC Network Operator Awards

2010-11

‘Top international long distance operator’ award from Voice & Data magazine in India, consecutively for the 9th successive year since 2001 (India)
‘Best global wholesale offering’ award from Capacity magazine, a global publication for telecommunications carriers and service providers
‘Telepresence managed service provider of the year’ at the European CEO 2010 Awards
‘Service provider of the year’ in enterprise data services and hosted contact centre services at the Frost & Sullivan 2011 India IT & Telecom Excellence Awards
‘Best service provider of the year, APAC’; and ‘best ethernet wholesale service, APAC’ at the 2010 MEF
Awards
‘APAC service provider of the year 2011 (Ethernet and telepresence)’ at the Cisco Partner Summit 2011
‘Best long distance operator (India)’ at the Tele.net Telecom Operator Awards 2011.

2011-12

Hosted Contact Center Service Provider of the Year by Frost & Sullivan 2011 India IT & Telecom Excellence Awards
Enterprise Data Service Provider of the Year by Frost & Sullivan 2011 India IT & Telecom Excellence Awards
IPX+ framework is ranked third (tied) in innovation across all aspects of the wholesale telecom business, first in terms of go-to-market strategy in Ovum’s Wholesale Innovation Analyzer 2011
Global Wholesale Telecommunications Award - Capacity Awards 2011; Best Global Offering
Best Long Distance Operator (India) Tele.net Telecom Operator Awards 2011
Best Wholesale International Telecom Asia Award 2011
Best APAC Wholesale Ethernet Service, APAC 2011 - MEF Carrier Ethernet Service Provider Awards 2011
Best Business Service, APAC 2011 - MEF Carrier Ethernet Service Provider Awards 2011
APAC Service Provider of the Year 2011 (Ethernet and Telepresence) - Cisco Partner Summit 2011

2012-13

Tata Communications won the Best Asian Wholesale Carrier Award at the 2012 Capacity Awards, which recognize wholesale players who have established themselves at the forefront of the wholesale telecom industry by applying innovative processes and strategies.

2014-15

Gartner’s Magic Quadrant for Network Services, Global
Frost & Sullivan 2015 Best Practices Award - India ICT Awards
Frost & Sullivan 2014 Asia Pacific ICT Award
2014 Frost & Sullivan Best Practices Awards
Frost & Sullivan 2014 India ICT Awards

2015-16

A 2016 Best Employer in India by Aon Hewitt
Gartner’s Magic Quadrant for Network Services, Global
Frost & Sullivan 2016 Best Practices Award - India ICT Awards

2016-17

Gartner’s Magic Quadrant for Network Services, Global
A 2017 Best Employer in India and Hong Kong by Aon Hewitt
Ranked 19th in the Top 25 companies in India (2017) -– Linkedin
Certified as Great Place to Work in India (2017) - Great Place to Work Institute

2017-18

Gartner Magic Quadrant for Network Services, Global, 2018
Gartner Magic Quadrant for Managed Hybrid Cloud Hosting, Asia / Pacific, 2017
2017 Frost & Sullivan India Digital Transformation Awards
NetFoundry clinched the IoT & Cloud Innovation Award Innovation Leader – IoT
Managed UC Services Provider of the Year (second year running)
TechXLR8 Asia Awards 2017
Ovum Industry Congress On The Radar Awards 2017 – Internet of Things
MEF 2017 Awards

2018-19

Certified a Great Place to Work in Canada, Greater China, India, Hong Kong and Singapore, ranking high as an equal opportunities employer, with inclusive workplace policies and a high-trust, high performance culture
Tata Communications is positioned in the top percentile of NPS, amongst the best in the industry
Stevie Awards Bronze (for sales and customer service)
Leader in Gartner’s 2019 Magic Quadrant for Network Services, Global
Aon Best Employers, India 2018 for third year in a row and in Hong Kong for the second consecutive year
CX Strategy Summit & Awards - Best Customer Experience
Clarabridge Customer Experience Innovation Award
Major Player in the IDC MarketScape: Asia/Pacific Managed Security Services 2018 Vendor Assessment
People Matters Total Rewards as ‘Best in Employee Volunteering’
Telecom Review Summit - Best Customer Service Provider
Customer Fest Show- CX Leader of the Year Award
Positioned in the Forrester Wave, Managed Security Services in Asia Pacific, Q1 2019
Three MEF 2018 Awards: Wholesale Service Provider of the Year- APAC; Enterprise Application of the Year – Financial and Enterprise Application of the Year – Retail
NetEvents 2018 IoT & Cloud Innovation Award: Innovation Leader: IoT
Cisco Partner Summit 2018 Awards: Software Partner of the Year
MEF Awards - Proof of Concept: MEF 3.0 Implementation; MEF 3.0 Inter-carrier servicer for Automated Discovery and Blockchain Settlement
2019 Frost & Sullivan Best Practices Awards - Asia Pacific: Managed UC Services Provider of the Year (third year running)
TechXLR8 Asia Awards 2018: Best IoT Partnership
Two Carriers World Awards: Best IoT initiative and Best IPX Service Provider
2019 Frost & Sullivan Best Practices Awards: Global Hybrid Cloud Services Product Line Strategy Leadership Award and Sub Saharan African IoT MVNO Visionary Innovation Leadership Award
Six awards at the Frost & Sullivan 2018 India ICT Awards Telecom Asia Readers’ Choice awards: IoT/M2M Solution Innovation of the Year

2019-20

F&S Managed Multi Cloud Service Provider of the Year 2019
F&S Cloud Interconnect Service Provider of the Year Award
F&S 2019 Unified Communications Service Provider of the Year
F&S 2019 Managed Video Services Company of the Year
F&S 2019 Enterprise SIP Trunking Service Provider of the Year
F&S 2019 AsiaPacific Managed UC Service Provider of the Year
F&S 2019 SDWAN Service Provider of the Year
F&S 2019 AsiaPacific Managed SDWAN Service Provider of the Year Award
Everest Network Transformation & Managed Services Peak
MEF SD-WAN Provider Of The Year - APAC Gartner Magic Quadrant for Network Services, Global F&S Managed Security Services Provider of the Year (Telco)
CX Vendor Excellence Asia 2019 Award
Customer Experience Leader of the Year 2019
IHS Markit (Omdia) Leader in CDN Vendor Scorecard CCW Asia Excellence awards- Bronze award for Best Customer Service

Milestones

2004: VSNL became the first telecom service provider globally to achieve TL 9000 – Quality Management System Certification, a set of quality system requirements and metrics designed specifically for the telecom industry, encompassing ISO 9001 and other best practices.
2004: the Company launched calling cards, an important avenue to raise call volumes.
2004: VSNL established an intelligent network (IN) platform that allows multiple IN services
2005: VSNL has built Tata Indicom India Singapore Cable System and acquired Tyco Global Network
2006: The Company acquired Tata Power Broadband, now known as VSNL Broadband Limited, having about 1000 kilometres of optical fibre infrastructure in Mumbai and Pune; acquired the assets of 7 Star.com Pvt. Limited, a suburban cable operator in Mumbai offering broadband services and acquired Direct Internet Limited which provides internet and related services predominantly to small and medium sector enterprise customers
2007: VSNL acquired two entities in India, Direct Internet Limited (DIL) and VSNL Internet Services Limited (VISL).
2010-11: Company has launched the world’s leading dedicated global video network called Video Connect, which is designed to help broadcasters, studios and production houses deliver video content flexibly and cost-effectively to media hotspots worldwide.
2011-2012: the Company has launched a Web Based Training Module on the Tata Code of Conduct available to all its employees globally.
2012-13: the Company launched a subsea cable system connecting several countries in the Middle East to Mumbai, India
2015-16: Tata Communications Group launched the IZOTM Private Cloud service to bring to CIOs unprecedented control over their public and private clouds and entire data centre sphere.
2016-17: Tata Communications Group launched the latest addition to its IZO Cloud Enablement Platform called IZO SDWAN, SDWAN standing for Software Defined Wide Area Networking.
2017-18: The company launched three IZOTM Private Cloud nodes in Germany, the UAE and in Malaysia.
2018-19: the company acquired 31,960 cumulative non-convertible Redeemable preferance share of smart ICT Private Limited.
2019-20: The Group through its wholly owned subsidiary, Tata Communications (Netherlands) BV acquired an additional ownership interest in Teleena Holdings (B.V) (Teleena) of 64.64% for a cash consideration of Rs 105.40 crore.
2021: Tata Communications announced its partnership with Google Cloud to drive cloud adoption and transform Indian businesses.