LONDON, November 18 /PRNewswire-FirstCall/ -- Tata Communications, a leading provider of the new world of communications, was honored with the "Best Market Strategy" award at the Annual Capacity magazine Global Wholesale Telecommunications Awards in Amsterdam. The awards, held at Capacity Europe 2008, recognize significant key market players who, through applying innovation and successful techniques and strategies to their wholesale businesses, have established themselves as leaders in the global wholesale telecoms industry.
"Tata Communications is thrilled to be recognized once again among our peers by the Capacity organization for our efforts in the telecommunications industry," said Michel Guyot, President, Global Voice Solutions for Tata Communications. "The award for 'Best Market Strategy' exemplifies our continued commitment to offering the most innovative wholesale solutions and superior network reach to our customers doing business in rapidly growing markets around the world."
Capacity, a respected trade magazine for telecommunications carriers and service providers, awarded Tata Communications with this honor based on the company's demonstrated thought leadership in the development and implementation of its wholesale strategy. Capacity previously named Tata Communications with 'Best Pan-Asian Wholesale Provider' award in 2006 and 2007.
The panel of judges, which included Mark Kemp, CEO, Matthew Whalley, Editor of Capacity magazine as well as Dr. Judy Reed Smith, Founder & CEO, ATLANTIC-ACM, created this award specifically to recognize Tata Communications global strategy in the telecommunications market.
"Throughout 2008, Tata Communications' partnership and acquisition strategy has allowed the company to grow its reach and influence across an international footprint," said Matthew Whalley. "Tata Communications has invested in the development of its business while implementing an international strategy that has reaffirmed its place as an elite global carrier."
In 2008, Tata Communications has focused on increasing its presence, service offering and network reach in emerging markets around the world. Earlier this year the company announced a joint venture subject to fulfillment of conditions precedent, a 50% ownership in China Enterprise Communications (CEC) providing full country VPN coverage in China and acquired a majority stake in NEOTEL, the second national operator of South Africa.
For more information visit http://www.tatacommunications.com/ About Tata Communications
Tata Communications, a member of the $62.5 billion Tata Group, is a leading global provider of a new world of communications. The emerging markets communications leader leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national and Indian enterprises, service providers and Indian consumers.
Tata Communications' range of services include transmission, IP, converged voice, mobility, managed network connectivity, hosting and storage, managed security, managed collaboration and business transformation for global enterprises and service providers, as well as Internet, retail broadband and content services for Indian consumers. The Tata Global Network encompasses one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 300 Pops, and more than 1 million square feet of data center and co-location facilities.
Tata Communications' unique emerging market depth and breadth of reach includes a national fiber backbone network and access to network in over 60 cities and 125 Pops in India, strategic investments in South African converged services operator, Neotel, Sri Lanka and Nepal and, subject to fulfillment of conditions precedent, a 50% ownership in China Enterprise Communications (CEC) providing full country VPN coverage in China.
Servicing customers from its offices in over 80 cities in 40 countries, Tata Communications is 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, "Best Pan-Asian Wholesale Provider" at the 2006 and 2007 Capacity Magazine Global Wholesale Telecommunications Awards and was awarded "Best Progress in Emerging Markets" at the 2008 Mobile Communication Awards.
Tata Communications Limited along with its global subsidiaries, (Tata Communications), 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.
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company's communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications' various filings with the United States Securities and Exchange Commission. These filings are available at http://www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, updates or alters its forward-looking statements.
Media Contacts: Isabelle Thellen +1-514-588-3685 isabelle.turcotte@tatacommunications.com Janice Goveas Tata Communications +91-92233-94575 janice.goveas@tatacommunications.com Kristen Massaro STC Associates +1-212-725-1900 x204 kristen@stcassociates.com
CONTACT: Media Contacts: Isabelle Thellen, +1-514-588-3685, isabelle.turcotte@tatacommunications.com; Janice Goveas, Tata Communications, +91-92233-94575, janice.goveas@tatacommunications.com; Kristen Massaro, STC Associates, +1-212-725-1900 x204, kristen@stcassociates.com
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