Tata Communications obtain local telecom license in Saudi Arabia

Tata Communications informed the exchanges on Tuesday that it has secured Type B licence in Kingdom of Saudi Arabia (KSA)

Type B licence would enable Tata Communications to provide internet service provider (ISP) and other related telecom services to enterprises as well as end-customers in KSA. It would also help the company in shifting from offering services as a foreign carrier in Middle East to a local licenced service provider.

Through this licence, Tata Communications will now become a carrier-neutral service provider to the OTTs, large enterprises and MNCs in the region. It will thus be able to offer network transformation services in KSA and address internet, network security, and private cloud along with software-defined wide-area network (SDWAN) requirements across the region.

The continuously changing business regulations of KSA make the region an epicentre for the businesses globally to invest in the region. The latest development of securing the licence will enable the company to further expand its reach in Middle East by leveraging its global expertise and capabilities to cater to the customer requirements.

Tata Communications Limited is a telecommunications services company providing international telephone, telex and telegraphy services, international maritime mobile communications, Intelsat business service and bureau fax and t-fax services. In addition, it also provides internet access; electronic mail and electronic data interchange services. The company owns and operates the world’s only wholly-owned subsea network that encircles the globe, reaching more than 200 countries and territories.

Despite the announcement, at 2.15 pm on Tuesday, the stock of Tata Communications Limited was trading at Rs 687, down by 2.07 per cent or Rs 14.55 per share. The 52-week high is recorded at Rs 735.55 and the 52-week low is Rs 205.70 on BSE.