Tata Communications has reported a fairly small rise in revenues – of only 4 percent, year on year, at Rs. 921 crore, up from Rs. 888 crore for the same quarter last year. They’ve reported a net profit of Rs. 98.3 crore, down 20% from Rs. 123.6 crore for the same quarter last year.
During the quarter:
— Acquisition of South African Telco Neotel: Alongwith Tata Africa, Tata Communications announced an acquisition of 56 percent – a majority stake – in Neotel, a fixed line telecom operator in South Africa. Tata Communications acquired 30 percent of this stake from Eskom and Transnet. The transaction is subject to conditions, and has not been closed yet.
— Launch of Telepresence services with Cisco: The first phase of public rooms are in the Taj Hotels and major business centres in Mumbai, Bangalore, New York, Boston and London; also in CII offices in Delhi, Chennai, Bangalore and Hyderabad. The cost of the service is not mentioned. Telepresence rooms offer life-like, high definition conferencing facilities with audio, video and environmental qualities that provide an alternative to face-to-face meetings. Here’s a video demo of Telepresense (Ed: definitely worth a look)
Update: here’s a chart with Internet and Broadband subscriber growth, and Broadband ARPU, from Tata Communications’ Investor presentation –
Numbers from last quarter: The company has only around 500 WiFi hotspots, and claims to be India’s leading WiFi hotspot provider; frankly, that’s a sad state of affairs for WiFi deployment.