For almost 7-8 years the entire Dalal Street had written off Tata Communications in terms of a company that one can look at for investing.
Re-iterating what I had written a while back on how the whole Tata Group is going through a different phase of transformation under Chandra's leadership, we've seen some interesting moves happen here too.
Right from getting an ex-TCS Japan CEO to offloading the whole land bank of the company into Hemisphere Properties (which got listed and has doubled since the spin-off in 6 months) the company is now going a leg-up into what was once written off as a mere enterprise connectivity play.
The most obvious question I had in my head was how is it different from a regular Telco?
Well, for starters they own close to 30% of the world's under-sea cable which is responsible for connectivity. Secondly, they are more focused on enterprise solutions rather than looking at B2C. (Existing telcos have a small share in the B2B space.)
Today, Tata Comm. is also becoming an integrated player in providing digital transformation solutions rather than just being a provider of the 'pipe'.
This transition from being just the provider of a pipe to transforming itself into a full-suite transformational expert is an interesting play to watch out.
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