Tata Communications to invest $300 mn on expansion in FY18
The Dollar Business Bureau Global telecom company Tata Communications Ltd is going to invest about $300 million to expand its network, its software and improve its platform during the next financial year 2017-18. The company is also eyeing to acquire new service fields like cloud, mobility and Internet of Things (IoT). "In telecom, networks need to expand in terms of scale and reach to create infrastructure closer to customers. So, there is a natural amount of spend that is required...We will be spending $150 million on network, and $150 million into platform, software and other capabilities," Vinod Kumar, Managing Director and Group CEO, Tata Communications told PTI. He further said that about half of company's total capex ...
Tata Communications, Skylab partner to help companies adopt IoT
The Dollar Business Bureau Tata Communications on Wednesday announced it has partnered with Singapore-based technology solutions provider Skylab to help more enterprises adopt the Internet of Things (IoT). Skylab provides advanced data harvesting, processing and delivery solutions to its customers over a scalable platform called Data Logistics Cloud (DLC). Skylab has picked Tata Communications as its cloud partner to ensure high levels of flexibility and reliability for customers through Tata Communications’ comprehensive cloud enablement platform and global infrastructure. “As the IoT starts to become a reality, real-time assimilation and analytics of data require superior network reliability, highly available cloud platforms, security, scalability and flexibility. Tata Communications’ pioneering IZO™ Cloud Enablement Platform harnesses our technology partnerships, global network and data centre infrastructure, making us the perfect ...
Tata Comm agrees for Liquid Telecom to acquire Neotel
The Dollar Business Bureau Tata Communications Ltd. on Tuesday announced it has signed a new agreement to sell its South African telecom arm Neotel (Pty) Ltd. to another African company. Earlier another proposed deal of the Indian company with a subsidiary of Britain’s Vodafone Group came unstuck. Neotel will be acquired by Liquid Telecom, a subsidiary of the privately held Econet Wireless Global, in a deal worth $428 million (ZAR6.55 billion or Rs.2,900 crore). Tata Communications, which owns around 67% of the firm, will get around $285 million (Rs.1,938 crore), the Indian company said in a statement. This is Tata Communications Ltd.’s second stake sale deal in as many months. Earlier in May, the company had agreed to sell a majority stake in the data ...
