Tata Communications has announced that it has entered into a strategic alliance with the USD 4.5 billion specialist IT services and solutions provider Dimension Data.

The leading provider of the new world of communications said that it inked the pact in order to support the Cisco Systems Telepresence suite of products on a worldwide basis.

Dimension Data designs, installs and supports Cisco Telepresence in 47 nations.

Tata Communications and Dimension Data will jointly offer up the complete suite of services, which includes bandwidth, telepresence hardware, support, maintenance and a fully managed service.

Steve Joubert, Dimension Data`s Group Executive: Global Solutions, Dimension Data Holdings, explained, “One significant benefit is that clients will be able to procure the hardware on either a capex or opex model.”

“Our partnership with the Tata Communications reduces barriers to adoption and increases accessibility of Telepresence to a much broader audience to communicate and collaborate in real-time,” Steve added.

As per MarketScope for Video Telepresence Solutions report, which was published by Gartner in 2008, telepresence has decided to generate $600 million in annual equipment proceeds by 2010 internationally.

The report alsos aid that together with services, the total tele presence market income could touch $1.5 billion annually by the same period.

Shares of the company, on Monday (April 06), closed at Rs 544.50, up 3.2%, on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 542 and a low of Rs 320 on BSE. Current EPS & P/E ratio stood at 12.89 & 42.24 respectively.