Shares of Tata Communications were trading 2% above on 23 August after the company unveiled a global cloud-based 5G Roaming Laboratory that empowers Mobile Network Operators (MONs) by providing a platform to conduct Proof of Concepts (POCs) before rolling out 5G services to their customers.

In a separate release, the company further announced that it will raise up to Rs 1,750 crore through the issue of Non-Convertible Debentures (NCD), where the company will issue 1,75,000 NCDs of face value Rs 1,00,000 each aggregating to ₹1,750 crore on the basis of private placements to eligible investors.

Tata Communications’ cloud-based 5G Roaming Lab will conduct tests on the global mobile roaming experience by observing the flow of traffic and network usage, which ensures the highest quality service for individuals who use mobile phones while roaming.

Through this test, the MONs will receive a performance assessment across various networks connected during roaming, including onboarding as-well-as internet trials on high-reliable, speed, and low-latency 5G networks.

Mysore Madhusudhan, Executive Vice President of Collaboration and Connected Solutions at Tata Communications, said, “Connectivity is a key ingredient in today’s fast-paced digital world. An internet that is fast, secure and available at all times is of paramount importance to customers, whether they are individuals or an enterprise. We are excited to introduce our newest capability in 5G roaming testing ensuring MNO customers are receiving proven services.”

At 2:25 pm, the shares of Tata Communication were trading at Rs 1,817.50 or 1.98% above its previous close on NSE.