Tata Communications gains on partnering with Whygo to provide Telepresence solutions
Tata Communications, a leading provider of the new world of communications, has appointed Whygo, a global specialist in public videoconferencing facility scheduling as channel partner for its Telepresence Service.
The scrip is currently trading at Rs 319.50 per share, up 6.45 points or 2.06% on the BSE
The stock opened at Rs 317.50 compared to its previous close of Rs 313.05. Intraday, the counter has touched a high and a low of Rs 321.50 and Rs 315.40, respectively. So far 35,000 shares of the company were traded on the BSE.
The stock of the face value of Rs 10 touched its 52-week high of Rs 651 on May 19, 2009 and a 52-week low of Rs 307 on January 29, 2009.
The promoters holding in the company as per December 2009 quarter stood at 76.15%, DIIs and FIIs held 12.01% and 1.35% respectively while others were holding 10.49% in the company.
The two companies will team up to provide Telepresence solutions to Whygo customers. This partnership allows Whygo to sell Tata Communications’ public Telepresence Suite hours to its customer base, providing an additional option to videoconferencing users who prefer a life-like face-to-face meeting experience. Customers will also be able to quickly and conveniently schedule their Telepresence bookings online via Whygo’s portal.
Whygo, which has operations in more than 20 countries, is Tata Communications’ first videoconferencing channel sales partner. The company also owns the world’s first online booking portal for public videoconferencing facilities with more than 2,500 locations worldwide. Whygo’s established presence in public video conferencing facility scheduling gives Tata Communications, a necessary channel to market for its public Telepresence Suites.
The Whygo partnership follows Tata Communications’ recent announcement of its partnership with Car Wagonlit Travel (CWT) to provide CWT Telepresence, an enhanced offering to CWT’s clients that lets them access Tata Communications’ network of Cisco Telepresence suites around the world. In addition, Tata Communications had also announced its partnership with Starwood Hotels & Resorts.
The company reported a net profit of Rs 281.80 crore and revenue of Rs 769.75 crore for the quarter ended December 2009.
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