Tata Communications revenues at Rs 843 crores, EBITDA up 10%
July 25th, 2009 Leave a comment Visited 28 times, 1 so far today
New Delhi, India – July 25, 2009: Tata Communications Limited reported its stand-alone unaudited results under India GAAP for the quarter ended June 30, 2009. Standalone revenues were at Rs 843 crores for the quarter as against Rs 871 crores for the quarter ended June 30, 2008. The company’s operating profit (EBIDTA) was up 10% at Rs 218 crores for the quarter ended June 30, 2009 as against Rs 199 crores for the corresponding quarter in the previous financial year. Operating profit margin improved by about 300 bps to 26% aided by strong cost control measures. Net profits were at Rs 32 crores for the quarter ended June 30, 2009 as against Rs 98 crores for the corresponding quarter in the previous financial year.
During the quarter, the company continued its focus on Emerging Markets with specialized offerings in connectivity and managed services; the company announced partnerships with QTel in the Middle East region and RTComm in Russia to deliver global connectivity services. It has also announced its participation in the $600-million new West African Cable System, which once completed, would further boost Tata Communications’ global reach and enhance the company’s investments in the African region. Tata Communications entered into a global strategic voice services agreement with BT. Through the five-year agreement, Tata Communications will become BT’s primary supplier of International Direct Dial (IDD) and other voice termination services outside BT’s own footprint countries. Tata Communications has partnered with Starwood Hotels to roll out public Telepresence rooms worldwide, with ten rooms scheduled to be launched during 2009.
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in operators in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited), Nepal (United Telecom Limited), and subject to approval by the Chinese government, China (China Enterprise Communications).
Tata Communications Limited 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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