For year ended March 2016, it reported a loss of Rs 211.8 cr while it posted a net profit of Rs 1.29 cr a year ago
The deal includes sale of a 74% stake in the company's 14 data centres in India for Rs 31.1 billion
The deal size comes to around Rs 3,150 crore
The firm's board of directors had been informed about about its effort to sell stake in data centre infrastructure in India and Singapore
Tata Comm expects its media and entertainment business to grow at compound annual growth rate of 40% through 2017-2018
The multi-million dollar contract will provide the airline with corporate programs in Middle East, Africa and Asia Pacific
The Neotel deal would have helped Tata Communications cut debt worth $1.5 billion