Wheelings & Dealings: Vodafone Buying Tata Communications?

By

Tata Communications reportedly is in talks with Vodafone about a deal that would have Vodafone buying all of Tata Communications, though talks are said to be at a preliminary stage.

Vodafone had been expected to go on a buying spree after selling its stake in Verizon Wireless to Verizon Communications, and the rumored Tata Communications deal is the first evidence that Vodafone is moving.

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, earning about $3 billion annually.

Tata Communications’ financial results for the quarter ending June 30th 2013 showed consolidated gross revenues growth of 10 percent at Rs. 44,980 million (US$806 million), compared to US$761 million in the same quarter last year. Annualized, that suggests Tata Communications yearly revenue in the range of $3.6 billion.

Global voice services, including international long distance, featured usage of 13.9 billion minutes, up from 13.1 billion minutes year over year.

International long distance net revenues grew 12 percent year over year.

Global data services gross revenues also grew at 12 percent, representing revenue of Rs. 17,958 million (US$322 million) during the quarter, up from Rs. 15,980 million (US$296 million) for the same quarter last year, Tata Communications said.

The Tata Communications global network includes what Tata says is one of the most advanced and largest submarine cable networks and a Tier-one IP network with connectivity to more than 200 countries and territories across 400 PoPs, as well as nearly one million square feet of data center and collocation space worldwide.

Tata Communications also has strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).

A Vodafone acquisition of Tata Communications would be part of Vodafone's quest for growth outside Europe.




Edited by Cassandra Tucker
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Contributing Editor

SHARE THIS ARTICLE
Related Articles

Can Science Outsmart Deepfake Deceivers? Klick Labs Proposes an Emerging Solution

By: Alex Passett    3/25/2024

Researchers at Klick Labs were able to identify audio deepfakes from authentic audio recordings via new vocal biomarker technology (alongside AI model…

Read More

Top 5 Best Ways to Integrate Technology for Successful Project-Based Learning

By: Contributing Writer    3/19/2024

Project-based learning, also popularly known as the PBL curriculum, emphasizes using and integrating technology with classroom teaching. This approach…

Read More

How to Protect Your Website From LDAP Injection Attacks

By: Contributing Writer    3/12/2024

Prevent LDAP injection attacks with regular testing, limiting access privileges, sanitizing user input, and applying the proper encoding functions.

Read More

Azure Cost Optimization: 5 Things You Can Do to Save on Azure

By: Contributing Writer    3/7/2024

Azure cost optimization is the process of managing and reducing the overall cost of using Azure. It involves understanding the resources you're using,…

Read More

Massive Meta Apps and Services Outage Impacts Users Worldwide

By: Alex Passett    3/5/2024

Meta's suite of apps and services are experiencing major global outages on Super Tuesday 2024.

Read More