Building on their pan-India IoT network roll-out experience, TCTSL further expands its footprint in the IoT solutions space in the sub-continent
Maldives, 21 December 2017 – Tata Communications Transformation Services Limited (TCTSL), a leading telecommunications transformation and managed services provider and wholly owned subsidiary of Tata Communications Ltd., today signed a Memorandum of Understanding (MoU) with Ooredoo Maldives to explore the development of Internet of Things (IoT) solutions for the island nation and help build momentum for digital initiatives in the region. TCTSL is currently deploying one of the world’s largest IoT networks in India for its parent company, Tata Communications Ltd. While exploratory in nature, when concluded, this engagement will help both Ooredoo Maldives and TCTSL jointly address several business opportunities in emerging areas such as IoT, managed security and cloud.
Speaking on the occasion, CEO of Ooredoo Maldives Najib Khan said, "This partnership with TCTSL marks another milestone in our commitment to the Digital Maldives initiative. As the world continues to undergo rapid transformation, we remain focused on embracing new technologies to enable greater innovation and opportunities for our customers. We look forward to working with TCTSL to design, develop and deploy IoT solutions across industry verticals in order to deliver service excellence for our customers in the region."
Madhusudhan Mysore, CEO and Executive Chairman of TCTSL said, “This engagement with Ooredoo Maldives helps us further demonstrate our vision of being an end-to-end orchestrator, bringing ready to deploy IoT solutions for communications service providers (CSPs) to accelerate revenues in their respective markets. Expanding on our extensive IoT network deployment experience in India and our vertical industry solution integration expertise, we are on an ambitious journey and continue to build several market-specific solutions across the ecosystem of devices, network and applications. This new partnership further helps us expand our business enablement and managed services with an opportunity to drive synergies across growing demands for next generation services.”
The engagement will help both Ooredoo Maldives and TCTSL develop capabilities in deploying services in IoT device management, subscription management, network connectivity administration, flexible billing, cloud solutions, open source, API Management and website and applications development. This will include wearable and smart technology for enterprises and consumers using Ooredoo's next generation LTE Advance Pro Network, LoRA and other Internet technologies, ensuring a globally unified service procedure and introduction of industry best practices for a seamless user experience for consumers in Maldives.Ends.
About Tata Communications Transformation Services Limited
Tata Communications Transformation Services Limited (TCTSL), a 100% subsidiary of Tata Communications Ltd, provides business transformation, managed network operations, network outsourcing and consultancy services to telecom companies around the world. TCTSL delivers operational efficiency, cost transformation and revenue acceleration solutions for all the stages of the carrier process lifecycle, including but not limited to network engineering and design, implementation and operations functions. TCTSL offerings are predominantly targeted to Communication Services Providers (CSPs) globally and provides the much desired FREEDOM and CHOICE for CSPs to avoid vendor lock-ins by partnering with a neutral TRANSFORMATION SERVICES provider with multi-domain, multi-vendor skillset.
TCTSL is a part of the US$100+ billion Tata Group.
TCTSL is headquartered in Mumbai, India with global offices spread across Europe, North America, Middle East and Asia. TCTSL has two world class India delivery centres in Pune and Chennai. These facilities operate completely independently from its parent affiliate, preserving full confidentially in managing all customers' business processes and operations.
About Tata Communications
Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to more than 240 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
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 Limited’s Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks. Ooredoo served 138 million customers and generated revenues of USD 8.9 billion as of 31 December 2016. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
About Ooredoo Maldives
Ooredoo Maldives provides a wide range of innovative voice and data services tailored to the growing needs of today’s consumers and businesses. Guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential, Ooredoo has transformed the telecommunications industry for the people of the Maldives.
With the aim to open up the opportunities of the digital age to local communities and businesses, the company continues to invest in the most advanced technologies and innovations, providing the largest and only nationwide 4G+ network in the Maldives.
Ooredoo Maldives generated revenues of US$104.6mn and a Net Profit of US$ 31.9mn as of 31 December 2016.