Tata Communications completes acquisition of The Switch

Once the usual adjustments and mandatory regulatory approvals have been passed, Tata Communications has completed the purchase of 100% of the shares of The Switch.

With the closing of this transaction, valued at 58.8 million dollars, Tata Communications y The Switch begin a new stage with the aim of ushering in a “new world of end-to-end video production and transmission” based on principles such as “high-quality, high-speed and greater immersiveness for the spectators.” Tri Pham, director of strategy at Tata Communications, states emphatically that Real-time immersive video experiences will be the next big leap for companies in the audiovisual world: "We are preparing to offer more powerful platforms to sports federations and broadcasters to help them deliver interactive, fast-paced and always-on forms of entertainment to viewers around the world. We are extremely pleased to welcome The Switch team to Tata Communications."

Dhaval Ponda, global director of media and entertainment at Tata Communications, completes his colleague's statements: "Together, we are leveraging the experience of both companies to offer never-before-seen experiences to fans around the world, whether they are playing esports, watching a live tournament or live streaming a concert. We welcome our colleagues at The Switch and wish them the best for their future."

From the other perspective, Eric Cooney, presidente y consejero delegado de The Switch, considera esta adquisición como un “hito clave” en su camino de crecimiento: “Junto con Tata Communications, estamos entusiasmados por acelerar el crecimiento de nuestros clientes, mejorar la experiencia de los espectadores y expandirnos globalmente”.

The Switch Enterprises se unirá al área de Media and Entertainment Services (MES) de Tata Communications bajo el liderazgo de Dhaval Ponda, director global del negocio de medios y entretenimiento de Tata Communications.