In this partnership, Nelco will also extend to its customers Speedcast's industry-leading products and services, which include cybersecurity, crew welfare, content solutions, and data and voice applications
Shares of Tata Group firm Nelco rallied 6.7 percent intraday on April 25 after the company signed partnership agreement with a remote communication and IT solutions provider in Sydney.
The stock was quoting at Rs 303.00, up Rs 11.10, or 3.80 percent on the BSE, at 11:48 hours IST.
"Speedcast International, the world's most trusted provider of remote communication and IT solutions, has signed a partnership agreement with Nelco, a Tata Enterprise, to offer seamless global communications while at sea in Indian waters," the VSAT service provider said in its BSE filing.
This is the first partnership of its kind where vessels of either company will be able to connect to the Ku-band networks of both companies seamlessly in and out of Indian waters, it added.
In this partnership, Nelco will also extend to its customers Speedcast's industry-leading products and services, which include cybersecurity, crew welfare, content solutions, and data and voice applications.
The company said under this agreement, Speedcast will integrate with the Nelco network to allow either parties' customers to maintain connection while roaming between the different satellite coverage beams and teleports.
