Investment in digital competencies holds us in good stead: Vinod Kumar

Internet of things and mobility space to grow exponentially, says MD & CEO of Tata Communications

Nirmalya Behera & Jayajit Dash  |  New Delhi 

Tata Communications’ Payment Solutions business took a drubbing in October-December due to demonetisation. The company, however, hopes revenues will pick up as cash will continue to play an important role in the economy. In an interview with Nirmalya Behera and Jayajit Dash, Vinod Kumar, managing director and chief executive officer of Tata Communications, speaks about the ATM business, the partnership with Nilesat and data services growth. Edited excerpts: What was the effect of demonetisation on earnings from the ATM business? Will revenue from ATM operations shore up in ...

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Investment in digital competencies holds us in good stead: Vinod Kumar

Internet of things and mobility space to grow exponentially, says MD & CEO of Tata Communications

"IoT, Mobility space to grow exponentially" 1. What has been the impact of de-monetisation on earnings from the ATM business? Will the revenue from the ATM operations shore up in FY18? The payment solutions business was adversely affected by demonetisation in Q3. But early signs indicate that the business is steadily getting back on track and the performance will regain momentum with the economy springing back to normalcy. While there will be a shift in consumer behaviour towards other modes of payment, the need for cash in ATMs was adequately demonstrated in the early weeks after the announcement of demonetisation. We believe cash will continue to play an important role in this economy for some more time before we embark on the journey of building a cashless economy 2. Going ahead, will the ATM business be non-core? Are you looking at divestment options for your subsidiary- Tata Communications Payment Solutions Ltd? There is currently no coordinated effort to divest the . Tata Communications’ Payment Solutions business took a drubbing in October-December due to demonetisation. The company, however, hopes revenues will pick up as cash will continue to play an important role in the economy. In an interview with Nirmalya Behera and Jayajit Dash, Vinod Kumar, managing director and chief executive officer of Tata Communications, speaks about the ATM business, the partnership with Nilesat and data services growth. Edited excerpts: What was the effect of demonetisation on earnings from the ATM business? Will revenue from ATM operations shore up in ... image
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