British telecom Three UK selects TCS to accelerate its 5G network rollout

Tata Consultancy Services (TCS) announced on Monday that it has been selected by the British telecommunications company, Three UK, to help the latter configure its mobile network for its ongoing rollout of 5G services. 

TCS will speed-up configuration checking and reduce manual errors, which will ensure first-time-right network configuration. These will help the British company to deliver faster, secure, and more reliable 5G services to its customers. 

Reacting to this, the stock of the company today increased by 0.68 per cent and made an intraday high of Rs 3,255.60 per share. 

The company reported a net profit of Rs 8,727 crore in Q3FY21, an increase of 7.17 per cent. It had reported a profit of Rs 8,143 crore in Q3FY20. The company reported net sales of Rs 42,015 crore for Q3FY21, an increase of 5.42 per cent as against the net sales of Rs 39,854 crore for Q3FY20. 

Three UK is one of the UK’s leading mobile network carriers. It has 9.5 million customers along with the UK’s leading 5G spectrum holdings with more than the rest of the industry combined. 

According to BSE data, the stock traded at a P/E multiple of 39.12 and a price-to-book ratio of 14.41. The stock has a 52-week high and a 52-week low of Rs 3,273.85 and Rs 1,504.40, respectively. 

At 12.01 pm today, the stock of the company was trading at Rs 3,213.65, down by 0.62 per cent on BSE.