Tata Communications To Acquire The Switch Enterprises

Tata Communications is acquiring The Switch Enterprises, a video production and services provider covering North American sporting venues, in a cash transaction worth US $58.8 million.

Subject to regulatory approval, Netherlands-based Tata will gain a foothold into the Americas media and entertainment market. This will create “a formidable powerhouse in the global media ecosystem,” states Tri Pham, chief strategy officer, Tata Communications.

Tata Communications will support The Switch customers with global reach to over 190 countries and territories, while The Switch will supply live production capabilities

"The global media & entertainment industry is at a once-in-a-generation digital transformation driven by a fundamental change in consumer consumption behaviors,” states Dhaval Ponda, Global Head of Media & Entertainment Business, Tata Communications.

 

 

 

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