BSNL Partners with TATA , to offer 44 million Wi-fi hotspots abroad

HIGHLIGHTS

• BSNL is now offering 44 million Wi-Fi hotspots globally
• The plans include Rs. 999 for 3 days, Rs. 1,599 for 15 days
• For 30 days, you'll need to pay Rs 1,999 to access Wi-Fi

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With an eye on international roaming market, state-owned telecom firm BSNL has 
partnered with Tata Communications to provide its customers access to 44 million
Wi-Fi hotspots globally at fixed prices starting Rs. 999.

"BSNL is the first among the Indian mobile operators to have taken this big step 
forward towards how mobile subscribers use Wi-Fi internationally. We have partnered 
with Tata Communications to facilitate access to high-speed data service when our 
customers travel abroad. They will be able to access unlimited data on these hotspots 
at fixed cost," BSNL Chairman and Managing Director Anupam Shrivastava said.

The customers can activate the Wi-Fi plan through BSNL's mobile application. 
The plans are priced at Rs. 999 for three days, Rs. 1,599 for 15 days and Rs. 1,999 
for 30 days, inclusive of all other charges. The mobile application will also show 
location of Wi-Fi hotpsots.

"BSNL mobile subscribers can access Wi-Fi anywhere in the world without worrying
 about the bill shock when they get home and no longer have to limit their Internet
 usage while abroad," Shrivastava said.

Customers will not need one-time password to connect with Wi-Fi after activating their 
plan.

BSNL has become the fourth-largest mobile service provider, up from the sixth position. 
The company leads in wirelines broadband service.

"Wi-Fi plus changes how subscribers experience Wi-Fi and simplifies how they get 
connected to the Internet and use their applications while travelling abroad. We are
really proud of this partnership with BSNL and how it is delivering innovative mobile 
experiences to BSNL subscribers," said Christopher Almeida, Senior Vice-President, 
Service Provider Group, Tata Communications.

Tata Communications has a global network of sub-marine cable and provides 
connectivity to telecom service providers across more than 240 countries and 
territories.

BSNL has 94.36 million mobile subscribers all over. The stock of Tata Communications 
is likely to remain in focus in Monday’s session.

Stock view:-

Tata Communications Ltd is currently trading at Rs 671.75, down by Rs 0.9 or 0.13% 
from its previous closing of Rs 672.65 on the BSE.

The scrip opened at Rs 682 and has touched a high and low of Rs 682 and Rs 667 
respectively. So far 1591335(NSE+BSE) shares were traded on the counter. 
The current market cap of the company is Rs 19170.53 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 687.45 
on 24-Oct-2016 and a 52 week low of Rs 325.7 on 29-Feb-2016. Last one week high 
and low of the scrip stood at Rs 677 and Rs 627.25 respectively.

The promoters holding in the company stood at 74.99 % while Institutions and 
Non-Institutions held 20.15 % and 4.86 % respectively.

The stock is currently trading above its 50 DMA.