Please refer to important disclosures at the end of this report
Tata Communications (TCom) Limited provides telecommunication services. The
Tata Communications portfolio includes transmission, IP, converged voice,
mobility, communications solutions and business transformation services to
global and Indian enterprises & service providers, as well as broadband and
content services to Indian consumers. TCom has finally reached a deal to sell its
South African unit Neotel Pty Ltd to Liquid Telecom Group for 6.55 billion rand
(around $430 million), after striving for more than two years to dispose of the
unit. The management is confident over data business growth and the ability to
improve return ratios. TCom agreed to sell a 74% stake in its data centre
business to a unit of Singapore’s Temasek Holdings for $634 million
(approximately `4,260 crore). The deal is expected to reduce the debt of Tata
Communications which seems to be a positive move for the company. Hence
CMP `566
Stock Info
Beta 0.8
Bloomberg Code
Shareholding Pattern (%)
Promoters 75.0
MF / Banks / Indian Fls 18.8
FII / NRIs / OCBs 7.6
Indian Public / Others 5.0
Abs. (%) 3m 1yr 3yr
Sensex 3.2 7.7 41.3
Tata Comm. 18.6 41.0 190.9
Nifty 8,611
Reuters Code TATA.BO
Face Value (
BSE Sensex 27,866
52 Week High / Low 571/326
Avg. Daily Volume 63,644
Market Cap (
cr) 16,117
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Tata Communication
Others | Telecom
October 03, 2016
Tata Communication | Telecom
October 03, 2016
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
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Disclosure of Interest Statement Tata Communication
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(Based on expected returns Buy (> 15%) Accumulate (5% to 15%) Neutral (-5 to 5%)