New Delhi: B2B telecom solutions provider Tata Communications has secured local license in the Kingdom of Saudi Arabia to expand its internet connectivity, public/private cloud, cyber security, and SD-WAN services to large enterprises and MNCs in the region.
The type B license “entitles Tata Communications to provide Internet Service Provider (ISP) and related telecom services to enterprises in a defined capacity, along with local currency billing for end-customers in KSA,” the company said in a statement on Tuesday.
Vaneet Mehta, Associate Vice President and Region Head, Middle East, Central Asia & Africa, Tata Communications said, “By securing this telecom license in KSA, we will be able to seamlessly bring carrier-neutral services….. This will help simplify the digital experience for our customers and aid them in transforming their businesses in the new normal.”
The telecom company’s shares ended 2.92% lower at Rs 681.05 on BSE on Tuesday, even as the benchmark Sensex rose 1.30%.
Tata Communications’ investment in Saudi Arabia to secure the license will enable the company to expand its presence in the Middle East.
Tata Communications carries around 30% of the world’s internet routes and connects businesses to 60% of the world’s cloud giants and 4 out of 5 mobile subscribers, the company said. It also owns the world’s largest subsea fibre network that connects more than 200 countries and territories.