Tata Communications Ltd hits 52-week high on enhancing network capabilities

Tata Communications announced today that the company is enhancing its network capability by building a new submarine cable in Asia Pacific. Reacting to the news, the stock of the company hits a fresh 52-week high of Rs 586.70.

Asia direct cable (ADC) consortium of which Tata Communications is a part, will be building a high-performance submarine cable connecting (including Hong Kong SAR and Guangdong province), Japan, Philippines, Singapore, Thailand and Vietnam.

The ADC cable will include multiple pairs of high capacity optical fibers, specifically designed to carry more than 140 tbps of traffic. It will further allow high capacity transmission of data across East and Southeast Asian areas. The higher capacities of ADC cable will allows it to support the increasing bandwidth intensive applications, driven by technological advancements in 5G, cloud platforms, internet of things (IoT) and artificial intelligence (AI). This new development enables Tata Communications to strengthen and expand its global network.

Carl Osborne, Associate Vice President, International Cable Network Development, Tata Communications said, “Our collaboration within ADC consortium to build this high performance submarine cable will provide enterprises with additional connectivity between major traffic hubs in Asia. This will further augment our existing capabilities on the Tata Communications Global Network with deeper reach, enabling us to offer superior customer experience and enhanced resilience.”

During the early morning trading session on Tuesday, the stock of the company was seen trading at Rs 585, up by 9.67 per cent or Rs 51.6 per share. The 52-week high is Rs 586.70 and 52-week low is Rs 205.70 on BSE.