Tata Communications Launches Worldwide
Tata Communications (NYSE: TCL) launched today as a leading
provider of the new world of communications, integrating the former
VSNL and Teleglobe brands. Tata Communications will leverage its Tata
Global Network (TGN) and unique experience of operating in emerging
markets in Asia and Africa to deliver a new world of globally managed
communications solutions.
The launch represents the culmination of recent major
international investments that expanded the company´s global reach and
ability to deliver IP-leveraged communications solutions to businesses
and consumers worldwide.
Increasing broadband penetration, the popularity of rich media
digital content and expansion into emerging markets have contributed
to the surging demand for bandwidth globally. With a specific focus on
the new world of IP, MPLS, Ethernet, and managed services, Tata
Communications will leverage the Tata Global Network, which is one of
the most recent and advanced submarine cable and IP networks, to meet
the demand for converged IP solutions. The company is in the process
of completing additional submarine cable systems connecting emerging
markets in Asia, the Middle East and Africa to Europe to meet the
demands of consumer broadband and enterprise customers over the next
five to eight years. Tata Communications plans to invest more than $2
billion over the next three years to further fuel its global expansion
plans.
"Tata Communications reflects the 130-year strong heritage of
trust and leadership that the Tata Group brings to its customers,"
said Mr. Subodh Bhargava, chairman of Tata Communications. "The new
identity is a major step in our commitment in building long-lasting
relationships with our customers, partners and stakeholders."
The Tata Communications brand integrates the former VSNL, VSNL
International, Teleglobe, Tata Indicom Enterprise Business Unit
(TIEBU), and CIPRIS brands worldwide.
"We are tremendously pleased with the launch of the new brand,"
said Mr. N. Srinath, CEO and managing director of Tata Communications.
"The Tata Group has a long and highly respected history of achievement
and contribution to the many markets, industries and communities it
serves. Tata Communications will continue to build on our track record
of successes, strong global investment strategy and India and emerging
markets strengths to grow globally in its targeted segments."
"In the past few years, it is with great anticipation that we have
sought to bear the Tata name as it is a mark of our commitment to
quality and ethics for our enterprise customers worldwide," said Vinod
Kumar, president, Global Data & Mobility Services, Tata
Communications. "We are extremely excited to have a more direct
affiliation through our brand across all of the different industries
in which the Tata Group leads, and to bring that expertise to each and
all of our enterprise customers."
"The next trillion dollars to be made in global communications
will depend heavily on emerging markets where Tata Communications is
already a leading player," said Camille Mendler, vice president of
research at Yankee Group. "There is grand ambition, but also integrity
in how the company executes; ultimately, customers worldwide can only
benefit from its unified global presence."
During the last year, Tata Communications has announced
significant investments in enhancing network and services capabilities
in India, intra-Asia, the Middle East, and Africa. The TGN-Intra Asia
and TGN-Eurasia cables, complementing the company´s existing
multi-terabit capacities across the Atlantic and Pacific oceans, will
ensure diverse and reliable intercontinental connectivity. Data center
expansion and rollout of managed services will offer value-added,
hosted and customized solutions. Tata Communications also continues to
expand its global MPLS and Ethernet networks to enable scalable and
secure connectivity and advanced services. Tata Communications´ Wimax
network rollout in India will provide customers with high-speed and
reliable connectivity to over 100 cities and towns. Additionally, Tata
Communications´ strategic investment in South African operator Neotel
provides a strong anchor to build an African footprint.
For more information regarding Tata Communications´ suite of
services, please visit www.tatacommunications.com.
About Tata Communications
Tata Communications Limited along with its global subsidiaries
(Tata Communications) is a leading global provider of the new world of
communications. The company leverages its Tata Global Network,
vertical intelligence and leadership in emerging markets to deliver
value-driven, globally managed solutions to the Fortune 1000 and
midsized enterprises, service providers and consumers.
The Tata Communications portfolio includes transmission, IP,
converged voice, mobility, managed network connectivity, hosted data
center, communications solutions and business transformation services
to global and Indian enterprises and service providers, as well as
broadband and content services to Indian consumers. The Tata Global
Network encompasses one of the most advanced and largest submarine
cable networks, a Tier-1 IP network, connectivity to more than 200
countries across 300 PoPs, and more than 1 million square feet of data
center space. Tata Communications serves its customers from its
offices in 80 cities in 40 countries worldwide. Tata Communications
has a strategic investment in South African operator Neotel, providing
the company with a strong anchor to build an African footprint.
The number one global international wholesale voice operator and
number one provider of international long distance, enterprise data
and Internet services in India, the company was named "Best Wholesale
Carrier" at the World Communications Awards in 2006 and was named the
"Best Pan-Asian Wholesale Provider" at the 2007 Capacity Magazine
Global Wholesale Telecommunications Awards for the second consecutive
year.
Now the leading integrated provider to drive and deliver a new
world of communications, Tata Communications became the unified global
brand for VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise
Business Unit, and CIPRIS on February 13, 2008.
Tata Communications Ltd. is a part of the $29 billion Tata Group;
it is listed on the Bombay Stock Exchange and the National Stock
Exchange of India and its ADRs are listed on the New York Stock
Exchange (NYSE: TCL).
www.tatacommunications.com
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata
Communications and its prospects, and other statements, including
those relating to Tata Communications´ expected financial position,
business strategy, the future development of Tata Communications´
operations, and the general economy in India, are forward-looking
statements. Such statements involve known and unknown risks,
uncertainties and other factors, including financial, regulatory and
environmental, as well as those relating to industry growth and trend
projections, which may cause actual results, performance or
achievements of Tata Communications, or industry results, to differ
materially from those expressed or implied by such forward-looking
statements. The important factors that could cause actual results,
performance or achievements to differ materially from such
forward-looking statements include, among others, failure to increase
the volume of traffic on Tata Communications´ network; failure to
develop new products and services that meet customer demands and
generate acceptable margins; failure to successfully complete
commercial testing of new technology and information systems to
support new products and services, including voice transmission
services; failure to stabilize or reduce the rate of price compression
on certain of the company´s communications services; failure to
integrate strategic acquisitions and changes in government policies or
regulations of India and, in particular, changes relating to the
administration of Tata Communications´ industry; and, in general, the
economic, business and credit conditions in India. Additional factors
that could cause actual results, performance or achievements to differ
materially from such forward-looking statements, many of which are not
in Tata Communications´ control, include, but are not limited to,
those risk factors discussed in Tata Communications´ various filings
with the United States Securities and Exchange Commission. These
filings are available at www.sec.gov. Tata Communications is under no
obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements.