Tata Communications Limited
Tata Communications Limited, formerly Videsh Sanchar Nigam Limited, is primarily engaged in the communications solutions business globally. The Company is a facilities-based provider of a range of integrated communications services. The Company derives a substantial portion of its revenue from telecommunications carriers, including for the delivery of international calls to over 240 countries (greater than 1,000 destinations), including India. The Company shares these revenues with respective carriers / access providers in the destination country. The Company is a global communications company offering voice, data and value-added services to enterprises, carriers and retail consumers. The Company is a provider of wholesale international voice services and operates a global submarine cable networks. The Company operates in three business segments: Wholesale Voice, Enterprise and Carrier Data, and Others.
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Asian Activities Report for September 28, 2011 includes: Fletcher Building Limited (ASX:FBU) said today that Iplex Pipelines has been awarded a A$120 million contract for the supply of polyethylene pipe; Integra Mining Limited (ASX:IGR) reported aircore drilling results from reconnaissance drilling in the Mt Monger area; African Iron Limited (ASX:AKI) provides an update on drilling activities at its 92%-owned Mayoko iron ore project in the Republic of Congo; Alchemia Limited (ASX:ACL) said today that its leading cancer product HA-Irinotecan has received very promising trial results; Tata Communications (BOM:500483) has become one of the few global carriers to extend its Global IP/VPN service offerings into Pakistan.
Most Asian markets opened firmer Thursday following Wall Street's rebound overnight lifted by better-than-expected economic figures.
Yesterday Asian share markets ended broadly lower after Wall Street's massive sell-off over the revised proposal to shore up U.S. banks. Japanese markets were closed for a public holiday. Hong Hong's Hang Seng Index dropped 2.5%, while South Korea's Kospi gave up 0.7%.
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