Tata Communications, a leading provider of the new world of communications, on Thursday announced international roaming for its trueroots customers across US, UK, Canada, Singapore, Hong Kong , France and Germany.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.
The Confederation of Indian Industry has also inked a pact with Santech Communication to serve the needs of industry for nanotechnology-based products.
According to a CLSA Asia Pacific Markets report, the e-learning market is projected to grow to around Rs 1,100 crore (Rs 11 billion) by 2012 from 145 crore (Rs 1.45 billion) currently. Besides, online modules cost one-tenth that of a regular course. The worldwide market for online tutoring is estimated to be in the region of Rs 46,800 crore (Rs 486 billion). India now earns around Rs 60 crore per year from online tutoring or 10 per cent of the total market share.
S Addepalli, Tata Comm senior vice-president said, "There is no liquidity or critical funding issue in the company. We have $300 million as cash on our books." Tata Communications had approached the government, a 26 per cent partner, for changes in the shareholder agreement to raise additional funds. It had sought permission to raise debt for expansion. The government, however, sought more information regarding the financial implications of the plan.
Tata Communications (formerly VSNL) has acquired a 50 per cent stake in Beijing-based telecom and IT services firm China Enterprise Communications for an undisclosed sum. The acquisition was done through its wholly owned subsidiary, Tata Communications International Pte.
As part of the service, UAE-based Indian immigrants can transfer money to their families based in India and the service would complement existing remittance channels and make transferring money internationally more affordable, Tata Communications said in a filing to the Bombay Stock Exchange. In the first phase, this service would be extended to over 27 lakh subscriber base of mobile services operator Idea Cellular in Kerala.
The parent firm and promoter firm Panatone Finvest have pledged its 10.53 per cent stake, or 30 million shares, of Tata Communications. On Tuesday's closing price of Rs 442.30, the value of the stake would be Rs 1,326.90 crore (Rs 13.26 billion). The promoters hold 76.24 per cent stake in the company.
As Reliance Communications (RCom) is struggling to sew up a deal with South African telecom major MTN, another Indian telecom service provider Tata Communications is all set to get a majority stake in South African telecom firm Neotel.
Videsh Sanchar Nigam (VSNL), which was on Wednesday rechristened as Tata Communications, will invest over $2 billion, or Rs 8,000 crore, in the next three years for global expansion plans. The company will make the investments in submarine cables, network expansion and rolling out of WiMax services.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
The service will cover areas where no network is available and will be provided by INMARSAT, which has 14 satellites.
Indian talent is certainly world-class, but it does not have global grade experience. Our aspiration is to be a global company. Fifty-five to 60 per cent of our revenue comes from the international business.
The 14 listed Tata group companies in which Tata Sons holds a stake are paying out a record Rs 35,441 crore to their shareholders by way of dividends and share buyback for FY21.
By 2020, the number of connected devices is expected to rise to 26 billion.
The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.
The network has been built by six telcos to handle high bandwidth demands of emerging technologies and applications.
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
Complaint says Singapore Telecommunications sold services illegally in connivance with Bharti and Tata Communications.
Airtel says to avail alternative routes to keep services on.
Be careful while investing at the current levels and stay away from stocks of leveraged companies.
Firms sold $6.3 bn of bonds abroad in the three months ending March 31.
The promoters of large companies such as Wipro and Tata Communications will have to shell out more stake to comply with the public shareholding norms after the Sebi said capital issued outside India would not be accounted for in the calculation of "public shareholding".
The company is in a financial storm, as its biggest investment, on the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) didn't go according to the script.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
Earlier, the Telecom Commission, a decision-making arm of the Telecom Ministry, had recommended that the government pick up a majority stake in the special purpose vehicle created to execute the sale of surplus land lying with VSNL (now Tata Communications).
In a letter to Telecom Minister Kapil Sibal, Tata Communications chairman Subodh Bhargave gave a summary of the sequences of events since 2005, which also have concurrence of two directors nominated by the government.
Gadget freaks are a complex personality; there are various characteristics to their demeanour. A look at typical gadget freaks.
Small- and mid-size companies where Cyrus was the chairman did better on bourses than large Tata group companies
After Singapore this is the second such nodal office opened by the new group chairman.
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
Tata Communications on Monday said it had not received any communication from the Department of Telecommunications (DoT) on the issue of demerger of the company's surplus land.
Index heavyweights ITC was the top gainer along with RIL and HDFC
This was the most serious cable disruption since 2001, when a submarine cable connecting the mainland with the US was cut off.
Intel, the world's largest chipmaker, is understood to be in talks with leading Indian telecom companies like Tata Communications (formerly VSNL), Bharti Airtel and Reliance Communications that could bid for broadband wireless access spectrum to be auctioned by the government in January 2010.
The disruption in the undersea cable network near Italy is likely to hit the broadband connections in India.
The DoT is acting as a liaison between telecom companies and the CAG for an audit by the latter.
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
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