The Hindu Business Line : Tata Telecom net up 80%

TATA Telecom Ltd has registered a growth of 80 per cent in net profit for the quarter ended June 2004 at Rs 8.14 crore compared to Rs 4.51 crore in the corresponding previous period.

The company achieved a turnover of Rs 96.47 crore (Rs 75.12 crore), a growth of 28 per cent.

"Tata Telecom will continue to make investments in our Indian operations and offer a wide spectrum of solutions to our customers," said Mr Niru Mehta, Vice-Chairman, Tata Telecom, in a statement.

Earlier, the company had announced that the Tata group would sell to Avaya its equity of 25.1 per cent in Tata Telecom.

"The formalities for this are on track. Further, the open offer for a minimum of 20 per cent of Tata Telecom's paid-up capital, at the rate of Rs 220 per share, has been completed," the statement added.

More Stories on : Financial Performance | Telecommunications

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
CDMA operators face spectrum crunch

Qualcomm sees push for new chipset with world phones

Satyam Q1 net profit rises 43 pc at Rs 173 cr

Tata Telecom net up 80%

Cranes Soft net up at Rs 8.7 cr

Satyam to spend Rs 150 cr on expansion this year — To open near-shore centre in Hungary

`Service offerings to drive growth'

IT companies seek `enabling environment' to do business in Kerala

Site Police from Hathway

e4e buys Absolute Quality

New ERP tool for retailers

Zicom offers e-security service

New Intoto security solution

HCL Info plans foray into home entertainment