Tata Communications has signed a two-year deal with the mobile services operator group, Axiata from Malaysia to build and manage an internet protocol (IP)-based network in select markets in Asia Pacific. These include- Dialog Telekom in Sri Lanka, PT XL Axiata in Indonesia, Celcom Axiata in Malaysia and MobileOne in Singapore.
The IP-based network is aimed at providing latency and better service support for real-time applications such as web browsing, downloads, Facebook, Twitter and mobile video telephony.
Commenting on the deal, Byron Clatterbuck, president of global carrier solutions, Tata Communications, said that the company's global infrastructure and IP capabilities will ensure that Axiata's customers have the best-in-class experience when using applications via the function-rich, internet enabled services.
About the partnership between Tata Communications and Axiata he said that, "This represents the start of a long-term relationship that will benefit businesses and consumers in Asia."
After the announcement, the stocks of Tata Communications were down Rs 2.95 or 0.89 per cent, while the Sensex was down 180.92. The shares were trading at Rs 329.