Tata Communications to invest $430 mn in Asia Pacific

September 24th, 2009 WASHINGTON - Reliance Industries (RIL), Bharti Airtel, Infosys Technologies and Tata Consultancy Services are among the 13 Indian companies that have made it to the list of Forbes' 50 Best companies in the Asia-Pacific region. "Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton, Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL - and smaller outfits such as Agile Property Holdings, Anhui Conch Cement and Digital China Holdings," Forbes Asia said in a statement.

September 19th, 2009 LONDON - After a five-month delay, the British government has announced a 10 million pound loan to Tata Motors to support the production of electric cars in Britain. The loan, sanctioned way back in April, has been awarded under the automotive assistance programme to help the company manufacture the Tata Indica Vista four-seat electric car.

August 18th, 2009 MUMBAI - The installation, testing and commissioning of the 6,700 km TGN-Intra Asia (TGN-IA) cable system was complete, telecom service provider Tata Communications and undersea communications technology leader Tyco Telecommunications announced Tuesday. "The fully operational 6,700 km TGN-IA system links Hong Kong, Singapore, Tokyo, Vietnam and the Philippines, providing route diversity throughout the Asia Pacific region, Tata Communications said in a regulatory statement.

July 25th, 2009 MUMBAI - Telecom services provider Tata Communications Saturday said its net profit for the quarter ended June 30 fell 67 percent to Rs.32 crore ($6.6 million) as against Rs.98 crore in the same period last fiscal. Tata's stand-alone revenue also fell 3.2 percent to Rs.843 crore for the quarter under review from Rs.871 crore, the company said in a statement.

July 21st, 2009 MUMBAI - Tata Communications, a leading telecom and Internet services provider, Tuesday launched advanced ethernet services to help its customers experience high-speed, secure and cost-effective bandwidth. Ethernet is a widely installed local area network (LAN) technology.

June 25th, 2009 MUMBAI - Indian telephony and internet services provider Tata Communications Thursday forged two separate deals with Britain-based BT Group and American network services major Telx. The $1-billion deal with BT will see the British company outsourcing its entire voice traffic to Tata Communications, while the latter will utilise BT's infrastructure for its calls to Britain.

June 11th, 2009 NEW DELHI - Leading telecom operator Tata Teleservices Wednesday launched mobile services on the GSM platform under the Tata DoCoMo brand. The company in which Japan's NTT DoCoMo has 26 percent stake, said it will invest $2 billion (Rs.9,450 crore) for the pan-India rollout of the services.

June 11th, 2009 NEW DELHI - Tata Teleservices, one of the leading telecom players in the country, Wednesday launched mobile services on the GSM platform under the Tata DoCoMo brand. The company in which Japan's NTT DoCoMo has 26 percent stake, said it will invest $2 billion (Rs.9,450 crore) for the pan-India rollout of the services.

June 11th, 2009 NEW DELHI - Leading telecom operator Tata Teleservices Wednesday launched mobile services on the GSM platform under the Tata DoCoMo brand, saying it will invest $2 billion (Rs.9,450 crore) for its pan-India rollout. The company, in which Japan's NTT DoCoMo has 26 percent stake, has received GSM spectrum for 18 out of the country's 22 telecom circles.

June 8th, 2009 MUMBAI - Tata Communications, which runs one of the largest telecom cable networks in the world, has entered into an agreement with the Doha-based Qatar Telecom to share infrastructure and expand their joint reach globally. The Tata firm, which serves clients in businesses like communications services, software and outsourcing, providing them national and global connectivity through fibre optic and undersea cables, is particularely expected to expand its foothold in the Gulf region.

May 15th, 2009 NEW DELHI - Tata group veteran Syamal Gupta has retired as chairman of Tata BP Solar after 53 years with India's largest industrial house. He will be succeeded by BP Solar's chief executive Reyad Fezzani.

March 31st, 2009 NEW DELHI - Tata Communications Tuesday said it has tied up with Cisco and Philippine Long Distance Telecommunications (PLDT) to roll out telepresence services, the next generation video-based communication technology, in the Philippines. As per the agreement, the companies have decided to open a public telepresence studio in the Philippines, which will be operated by PLDT.

March 24th, 2009 NEW DELHI - A factsheet on Tata group, India's largest industrial house founded by Jamsetji Tata in the mid-19th century, which Monday announced the commercial launch of their small car Nano: Past titans: Jamsetji Tata, Sir Dorab Tata, Sir Ratan Tata, J.R.D. Tata, Naval Tata Chief Executive: Ratan Naval Tata, 71 Headquarters: The landmark Bombay House in downtown Mumbai Promoter companies: Tata Sons and Tata Industries Shareholding: Majority of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family Decision makers: The Group Corporate Centre comprises Ratan Naval Tata, N.A.

March 5th, 2009 NEW DELHI - Tata communications has signed an agreement with Poland-based mobile phone operator Play to route the latter's entire international call traffic, it was announced Wednesday. Play will implement Tata's voice termination product VTS Prime Solution to manage customer call quality.

January 18th, 2009 NEW DELHI - Telecom operator Tata Communications has acquired a 30 percent stake in Neotel, a South Africa-based operator, the Indian firm said Monday. Tata Communications picked up the stake from two other operators, Eskom and Transnet.