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Tata Communications: Surge in traffic, digitisation trends to power revenue

Surge in traffic and digitisation trends to power revenues

telecom, telcos
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Deleveraging of the balance sheet (debt of over Rs 9,176 crore) and resolution of the adjusted gross revenue demand by the telecom department are additional triggers for the stock

Ram Prasad Sahu Mumbai
The Tata Communications (Tata Comm) stock was up 8 per cent in trade on Tuesday after the company reported better-than-expected performance in the March quarter. Management commentary on achieving double digit growth for the data business on a consistent basis also boosted sentiment. 

Tata Communications is among a small list of companies that saw an upward revision in operating profit for financial year 2020-21 (FY21) and FY22 on the back of multiple growth drivers. 
Growth in the March quarter was entirely driven by the data segment, which accounted

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