Tata Communications to Provide Managed TelePresence Services to Hannover Re
Leading global German reinsurance firm selects Tata Communications to deploy and manage TelePresence Service in 16 countries across the world
GERMANY - July 5, 2010 - Tata Communications, a leading provider of the new world of communications, today announces that it has been chosen by German reinsurance company, Hannover Re, to deploy and run its TelePresence facilities, serving the group's internal teams in 18 locations across 16 countries, worldwide.
Tata Communications will roll out the Cisco TelePresence high-definition; immersive video collaboration systems to help employees based in Europe, North America, Asia, Middle East and Africa collaborate with each other on a daily basis.
Under this agreement, Tata Communications will provide Hannover Re with a solution that includes deployment and installation of rooms, maintenance, management and concierge service for scheduling and reservations, the world's first public rooms, the world's first open global TelePresence exchange as well as the Cisco-certified TelePresence network. Tata Communications' TelePresence services include managed private Cisco TelePresence rooms, public TelePresence rooms that can be rented by the hour, and the ability for these private and public rooms to connect with each other.
"Tata Communications is the vendor that meets our expectations in respect of TelePresence operations and services. We are confident that Tata Communications will prove its reliability both in the course of the implementation project and in the operations phase. What convinced us is the option to integrate our internal TelePresence network into the general TelePresence infrastructure provided by Tata Communications. We expect that this will allow us to extend TelePresence based communication to business partners in a second phase." says Mr. Hartmut Fuchs, Hannover Re, CIO and Managing Director, Information and Technology.
The company will manage all aspects of Hannover Re's TelePresence needs, supported by its world-class global network. Tata Communications' open exchange also means that coverage can be extend to any public TelePresence rooms that Hannover Re chooses to use in the future, catering to external users such as customers, prospects and partners.
Claude Sassoulas, Tata Communications' Managing Director for the Europe and Africa Region, says, "This deal with one of the world's largest global reinsurance group is a significant milestone for our organisation. It will strengthen our position as a global provider in the German market where we are looking to continue our expansion to serve a growing number of large German MNCs as they move into the emerging markets we are currently investing in. Hannover Re awarded the contract to Tata Communications on account of its ability to provide a flexible and comprehensive solution."
Tata Communications' Global Meeting Exchange enables meetings between any connected private or public rooms, and moves TelePresence from a private intra-company experience to a broader based inter-company collaboration tool of choice. It meets the market demand for TelePresence meetings, regardless of the service provider network. With this collaboration, customers on either network can connect to each other extending their TelePresence coverage across their business ecosystem.
"Our goal is to provide the broadest range of TelePresence connections globally and to enable our customers to expand their ecosystems with partners, customers and vendors as extensively as possible. The more connections that are facilitated, the greater the value of this service will be to customers" concludes Sassoulas.
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide.
Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in operators in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited) and Nepal (United Telecom Limited).
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange. (NYSE: TCL)
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company's communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications' various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, updates or alters its forward-looking statements