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Tata Communications Ltd.

BSE: 500483 Sector: Telecom
NSE: TATACOMM ISIN Code: INE151A01013
BSE 00:00 | 24 Apr Tata Communications Ltd
NSE 05:30 | 01 Jan Tata Communications Ltd
OPEN 375.95
PREVIOUS CLOSE 372.10
VOLUME 4539
52-Week high 584.00
52-Week low 205.70
P/E 32.76
Mkt Cap.(Rs cr) 10,531
Buy Price 369.65
Buy Qty 11.00
Sell Price 369.50
Sell Qty 14.00
OPEN 375.95
CLOSE 372.10
VOLUME 4539
52-Week high 584.00
52-Week low 205.70
P/E 32.76
Mkt Cap.(Rs cr) 10,531
Buy Price 369.65
Buy Qty 11.00
Sell Price 369.50
Sell Qty 14.00

Tata Communications Ltd. (TATACOMM) - Chairman Speech


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Company chairman speech

PROVIDING DIGITAL INFRASTRUCTURE SERVICES GLOBALLY

Tata Communications is operating at a pivotal moment in the evolution of humanactivity. By design we are at the very forefront of seismic change – the so-called‘Fourth Industrial Revolution' – now underpinning the world's fast-growingdigital economy.

Once a pure play connectivity provider we have successfully transformed ourselves intoa much broader global communications service provider able to leverage a network reachthat encompasses countries representing ~98% of the world's GDP. Today as we look to theneeds of our next generation of customer we seek to reinvent Tata Communications to bethe leading global digital infrastructure service provider not only to make the digitaltransformation journey of our customers simple but also to accelerate their business'path to success. Through our unparalleled insights and capabilities we aim to help ourcustomers make sense of and navigate the vast potential offered by emerging and disruptivetechnologies such as the Internet of Things (IoT) Artificial Intelligence (AI) Big Datamobility and cloud computing. We are uniquely placed to help our customers embrace newopportunities starting to make their presence felt in the global economy. By getting aheadof the curve – and staying ahead – we're enabling our customers' digital futurenow.

Principal focus

Our mission is clear to deliver a New World of Communications™ to advance thereach and leadership of our customers and partners. The reach and capabilities of ourglobal network as well as the breadth of our innovative product portfolio put TataCommunications at the epicentre of the world's digital transformation.

Major highlights

We are similarly clear on our financial objectives. While our traditional servicescontinue to be under margin pressure we are focused on growing our Growth and Innovationservices revenues. By investing in services and innovation and continuing to use andimprove the efficiencies of our existing assets we expect that demand for our serviceswill increase and remain strong in the face of increased competition and downward pressureon pricing. During the current fiscal year Tata Communications passed several keymilestones including:

• Filing of the Surplus Land Scheme of Arrangement and Reconstruction with theNCLT – the mechanism to demerge 773.13 acres of land originally acquired from theGovernment of India in 1986 was approved at a shareholders' meeting in May 2018.

• Five-year anniversary of MQ + MQ APAC Hosting launch - we have beenpositioned as a Leader in the Gartner Magic Quadrant for Network Services Global for thefifth consecutive year and in November 2017 have made our debut in the Magic Quadrant forManaged Hybrid Cloud Hosting Asia / Pacific.

• Launch of MOVE and IoT Services in India – offering fully managedsolutions underpinned by our global network and partnerships with 600+ mobile networkoperators.

• Expanding our IZOTM Private Cloud footprint in Europe Middle East and AsiaPacific – to tackle the data sovereignty concerns that large enterprises arebeginning to experience we launched three IZOTM Private Cloud nodes in Germany the UAEand in Malaysia.

• Investing in our infrastructure in the Americas – by connecting the newSeabras-1 cable system to Tata Communications Global Network we will address the inboundand outbound needs of Brazil the fifth largest IT market in the world.

• Adding three new points of presence in Jacksonville Florida; MinneapolisMinnesota and St. Louis Missouri – we also grew the footprint of 48 PoPs acrossboth major cities and the emerging business hubs of the US.

• Driving digital innovation by investing in the future – for examplethrough our MOVE borderless IoT connectivity and startups such as NetFoundry to connectany app via software-only application-specific networks.

Looking ahead

As we look to the future we will continue to execute our clearly articulated strategyto become a global digital infrastructure services provider – increasing productpenetration with existing customers. At the same time we shall be securing andaccelerating our own internal digital transformation which in turn will sharpen our focuson free cash flow and ROCE. Above all we will ensure that each and every team member iswholly aligned and committed to delivering sustained and growing value to customersshareholders and the communities in which we operate.

On behalf of the Board I would like to extend a big thank you to everyone at TataCommunications for working so hard to take our business – and that of our customers– to the next level as the digital era opens up so many new opportunities. Yourefforts are hugely appreciated.

VINOD KUMAR Managing Director and Group CEO