London: Vodafone on Monday agreed to buy corporate telecoms company Cable & Wireless Worldwide for 1.04 billion pounds ($1.68 billion) in a deal that adds a British fixed line network to its wireless network. Vittorio Colao, chief executive of Vodafone, said, "The acquisition of Cable & Wireless Worldwide creates a leading integrated player in the enterprise segment of the UK communications market and brings attractive cost savings to our UK...
12:28 PM, Apr 23, 2012
New Delhi: Tata Communications on Wednesday said that it would not make any offer to acquire Cable & Wireless Worldwide as it had failed to reach agreement with the British firm. "TCL was evaluating a possible cash offer for Cable & Wireless Worldwide Plc (CWW). TCL today confirms that it has been unable to reach agreement with CWW on an offer price and therefore confirms that it does not intend...
11:07 PM, Apr 18, 2012
New Delhi: The government, one of the promoters of Tata Communications, has approved the company's move to bid for UK telecom firm Cable & Wireless Worldwide. "Government has given the nod for Tata Communications to go ahead with the deal," sources at Department of Telecommunications said. The Indian government held 26.12 per cent stake in Tata Communications at the end of 2011 December quarter, according to data on the BSE....
11:48 PM, Mar 29, 2012
Mumbai: Shares of Tata Communications on Thursday rose by 1.22 per cent on reports that the Indian company is considering a bid for London-listed telecommunication giant Cable & Wireless Worldwide Plc (CWW). Bucking an overall weak market trend here, Tata Comm shares closed at Rs 235.60 apiece on the BSE, a gain of 1.22 per cent. During the intra-day trade, stock accelerated by 5.34 per cent to touch a high...
10:18 PM, Mar 01, 2012
New Delhi: Tata Communications on Thursday said it is considering an acquisition bid for London-listed telecommunication giant Cable & Wireless Worldwide Plc (CWW). Vodafone Group Plc too is believed to be looking at bidding for the fibre-network operator. "... as part of on-going review of potential acquisition opportunities, TCL is evaluating a possible cash offer for CWW," Tata Communication Ltd (TCL) said in a regulatory filing. TCL said "considerations are...
10:09 PM, Mar 01, 2012
New Delhi: Tata Communications is betting big on cloud technology to help clients increase productivity and cut costs on the back of solutions such as Customer Relationship Management (CRM) and e-mail. "From just being a topic of discussion, we are now seeing deployment happening. Customers are excited about not just the cost saving but also the efficiency that cloud offers," Tata Communications Vice President (SaaS) Mukul Sood said. With new...
11:17 AM, Dec 25, 2011
Mumbai: Tata Communications has launched mobile broadband solutions enabled by 'Internet Protocol Exchange' (IPX+) framework. Seventy mobile network operators (MNOs) across the globe have signed up for the new framework which is designed to help capitalise on the latest technology innovations in the mobile broadband space, the company said here. "MNOs need solutions that deliver tangible benefits and improved efficiencies while tackling accelerated data growth. While IPX is a key...
09:34 AM, Dec 08, 2011
New Delhi: The total revenue of telecom service providers was Rs 50,054 crore during the quarter ended September, according to TRAI data released in New Delhi on Wednesday. Bharti Airtel alone accounted for almost 26 per cent of total industry gross revenue at Rs 13,239 crore. It was followed by state-owned BSNL, with 18 per cent share at Rs 9,040 crore. Vodafone was next, with 17.8 per cent share at...
10:57 PM, Nov 23, 2011
New Delhi: Armed with the Telecom Commission's recommendation to hive-off 773 acres of surplus land with Tata Communications (formerly VSNL), the DoT will soon approach Cabinet for a formal nod to start the process. "A Cabinet note on VSNL land hive-off has been prepared and the matter will be sent to Cabinet soon," Telecom Minister Kapil Sibal said on a sidelines of a curtain-raising ceremony for the 'India Telecom 2011:...
02:57 PM, Aug 29, 2011
London: As India and England get ready to lock horns in the 100th Test between the two sides on Thursday at Lord's, one of India's most successful Test batsman Rahul Dravid relives some of his fond memories from the home of cricket. The senior batsman made his Test debut at Lord's 15 years ago during India's 1996 tour. Personally, it has very special memories. In a strange way you feel...
03:44 PM, Feb 13, 2008
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