Tata Communications Recognised by Gartner for 11th Consecutive Year in Global WAN Services

On April 26, 2024, Tata Communications informed the stock exchanges that the company has been recognised as a Leader in the 2024 Gartner Magic Quadrant for Global WAN Services for the 11th straight year. The evaluation from Gartner was based on specific criteria that analysed the company’s overall completeness of vision and ability to execute.

During the year, Tata Communications empowered global enterprises to enhance customer experiences by improving network performance, flexibility, and availability. It introduced innovative solutions like IZO™ Multi-Cloud Connect and ‘zero-base bandwidth’ for WAN links. Additionally, it offered Cloud-Connect-enabled ‘Bandwidth-on-Demand’ for network modernisation and offered speed, convenience and cost efficiency on a pay-as-you-go model. Ultimately, the company strengthened its internet services with proactive security measures at both enterprise and branch levels.

Commenting on the achievement, the Executive Vice President of Core and Next-Gen Connectivity Services & Chief Technology Officer of Tata Communications, Genius Wong, said, “We appreciate this recognition by Gartner for the eleventh consecutive year and remain focussed to deliver ‘future ready’ networks for delightful customer experiences. As the pace of innovation accelerates towards the next generation of connectivity, we will continue to provide flexible network options that serve a diverse spectrum of business requirements.”

She further added, “Tata Communications leverages its investments in innovation, contextual knowledge, and expertise in next-gen technologies to develop a digital fabric of solutions which helps our customers realise their aspirations.”

As per the report, providers in the Leaders quadrant are performing well and maintaining a stable organisation with a clear vision of market direction. They deliver a wide range of portfolios of quality network services across the broadest geographies and address the international networking requirements of a comprehensive range of companies in terms of geographic distribution, vertical industry and size. Leaders shape the market’s direction by expanding their network, developing new class-leading capabilities and commercial models, and deploying them at scale. According to Gartner, Leaders execute well against their current vision and are well-positioned for tomorrow.

On April 26, 2024, the share price of Tata Communications Ltd opened at ₹1,755.00, touching the day’s high at ₹1,764.85, as of 1:50 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.