Maldives – December 21, 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.
About Tata Communications Transformation Services (TCTS)
Tata Communications Transformation Services (TCTS), a 100% subsidiary of Tata Communications Ltd, provides business transformation, managed network operations, network outsourcing and consultancy services to telecommunication companies around the world. TCTS is a global leader in delivering operational efficiency, cost transformation and revenue acceleration solutions for all stages of the carrier process lifecycle including but not limited to network engineering and design, implementation and operations functions.
TCTS is a part of the US$100+ billion Tata group, which comprises over 100 operating companies across seven business sectors. TCTS leverages the market expertise of the group's global telecom capabilities and globally established IT, process and consulting skills.
TCTS is headquartered in Mumbai, India, with offices in Europe, North America and the Middle East. Through its two world-class India delivery centres in Pune and Chennai, TCTS preserves the independent functioning and full confidentiality of its customers' business processes.
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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.
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.
Forward-looking and cautionary statements
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