Tata Communications launches worldwide
February 13, 2008

Boosts global strategy with new brand and $2b in planned investments to drive new world of communications

Tata Communications launched today as a leading provider of the new world of communications, integrating the former VSNL and Teleglobe brands. Tata Communications will leverage its Tata Global Network (TGN) and unique experience of operating in emerging markets in Asia and Africa to deliver a new world of globally managed communications solutions.

The launch represents the culmination of recent major international investments that expanded the company's global reach and ability to deliver IP-leveraged communications solutions to businesses and consumers worldwide.

Increasing broadband penetration, popularity of rich media digital content and expansion into emerging markets have contributed to the surging demand for bandwidth globally. With a specific focus on the new world of IP, MPLS, ethernet and managed services, Tata Communications will leverage the Tata Global Network which is one of the most recent and advanced submarine cable and IP networks to meet the demand for converged IP solutions. The company is in the process of completing additional submarine cables systems connecting emerging markets in Asia, Middle East and Africa to Europe to meet the demands of consumer broadband and enterprise customers over the next five to eight years. Tata Communications plans to invest over $2 billion over the next three years to further fuel its global expansion plans.

"Tata Communications reflects the 130-year strong heritage of trust and leadership that the Tata Group brings to its customers," Subodh Bhargava, chairman of Tata Communications said. "The new identity is a major step in our commitment in building long-lasting relationships with our customers, partners and stakeholders."

The Tata Communications brand integrates the former VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit (TIEBU) and Cipris brands worldwide.

"We are tremendously pleased with the launch of the new brand," said N Srinath, CEO and managing director of Tata Communications. "The Tata Group has a long and highly respected history of achievement and contribution to the many markets, industries, and communities it serves. Tata Communications will continue to build on our track record of successes, strong global investment strategy, and India and emerging markets strengths to grow globally in its targeted segments."

"In the past few years, it is with great anticipation that we have sought to bear the Tata name as it is a mark of our commitment to quality and ethics for our enterprise customers worldwide," says Vinod Kumar, president, Global Data and Mobility Services, Tata Communications. "We are extremely excited to have a more direct affiliation through our brand across all of the different industries in which the Tata Group leads, and to bring that expertise to each and all of our enterprise customers."

"The next trillion dollars to be made in global communications will depend heavily on emerging markets where Tata Communications is already a leading player," said Camille Mendler, vice president of research at Yankee Group. "There is grand ambition, but also integrity in how the company executes; ultimately, customers worldwide can only benefit from its unified global presence."

During the last year, Tata Communications has announced significant investments in enhancing network and services capabilities in India, intra-Asia, Middle East and Africa. The TGN-Intra Asia and TGN-Eurasia cables, complementing the company's existing multi-terabit capacities across the Atlantic and Pacific oceans, will ensure diverse and reliable inter-continental connectivity. Data centre expansion and rollout of managed services will offer value-added, hosted and customised solutions. Tata Communications also continues to expand its global MPLS and ethernet networks to enable scalable and secure connectivity and advanced services. Tata Communications' wi-max network rollout in India will provide customers with high-speed and reliable connectivity to over 100 cities and towns. Additionally, Tata Communications' strategic investment in South African operator Neotel provides a strong anchor to build an African footprint.

Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network, failure to develop new products and services that meet customer demands and generate acceptable margins, failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services, failure to stabilize or reduce the rate of price compression on certain of the company's communications services, failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry, and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications' various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.