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

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