We all know about how the telecom space has been disrupted by aggressive competition and new technologies that effectively commoditised the voice business over the past decade or so. And just like all players have shifted from voice to data, so has Tata Communications. But unlike its peers, Tata is not a consumer telecom company but one that is focused on the business enterprise segment. Formerly known as VSNL, the Tata group entity continues to have the government as a stakeholder with a 26.12% stake. While most other players have hogged the limelight, Tata Communications has been the silent achiever. Though the group’s other listed entity Tata Teleservices hasn’t really made much headway, Tata Communications has reinvented itself from being just a state-run enterprise that was the sole provider of international wholesale voice services.
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Harendra Kumar
Harendra Kumar of Elara Capital is bullish on Tata Communications thanks to falling debt and higher data growth
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