Tata Communications' Q2 profit drops 67 percent

Indian telecom provider Tata Communications reported that Q2 net profit dropped 67 percent to $6.6 million. Contributing to the operator's poor Q2 showing were declines in both its wholesale voice and Enterprise and carrier data revenues. The company reported that wholesale voice revenues dropped to $71 million from $83 million. Meanwhile, Tata reported that Enterprise and carrier data revenues dropped slightly to $72 million down from $73 million in Q2 2008.

During the quarter the Indian telecom operator signed a number of new partnerships and introduced a number of new products. Tata announced global connectivity service agreements with Qatar Telecom and RTComm in Russia in addition to a video-conferencing partnership with Starwood Hotels.

For more:
- Telecom Paper has this article

Related article
AT&T, BT, Tata dial up first inter-carrier telepresence call

Suggested Articles

BT Ireland and Huawei are laying claim to the first 1.2 Tb/s transmission real-time trial based on a commercial product platform in a live network.

Google Fiber announced this week it was pulling the plug on its 100 Mbps service to new customers in order to just offer its gigabit service.

MEF outlined an ambitious roadmap at last month's MEF19 conference that included deeper partnerships with cloud providers using the LSO Sonata APIs.