* Boosts global strategy with new brand and $2B in planned investments to drive new world of communications | |
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| New Delhi - (BUSINESS WIRE) - February 13, 2008 : 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. |
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| 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. |
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| Increasing broadband penetration, 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 cables systems connecting emerging markets in Asia, 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 over $2 billion over the next three years to further fuel its global expansion plans. |
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| "Tata Communications reflects the 130-year strong heritage of trust and leadership that the Tata Group brings to its customers," Mr. Subodh Bhargava, Chairman of Tata Communications said. "The new identity is a major step in our commitment in building long-lasting relationships with our customers, partners and stakeholders." |
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| The Tata Communications brand integrates the former VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit (TIEBU) and Cipris brands worldwide. |
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| "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." |
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| "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," says 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." |
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| "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." |
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| During the last year, Tata Communications has announced significant investments in enhancing network and services capabilities in India, intra-Asia, 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 inter-continental connectivity. Data center expansion and roll-out 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 roll-out 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. |
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| For more information regarding Tata Communications' suite of services please visit www.tatacommunications.com. |
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| About Tata Communications |
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| 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 mid-sized enterprises, service providers and consumers. |
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| 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 & 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 one million square feet 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. |
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| 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. |
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| Becoming 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. |
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| 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 |
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