Tata Communications will acquire The Switch Enterprises, a New Yorkbased end-to-end live video production company, in an allcash deal for Rs 486 crore, the company said on Thursday.
With both companies coming together, Tata Communications will support Switch’s customers with global reach to over 190 countries and territories and The Switch will bring live production capabilities, helping organisations to produce high quality immersive content faster and efficiently, Tata Communications said in a statement.
“Tata Communications (Netherlands) B.V., a wholly-owned indirect subsidiary of Tata Communications Limited, will acquire 100 per cent equity stake of Switch Enterprises, LLC, USA and, as part of the transaction, through its wholly-owned subsidiaries,” Tata Communications said.
The company will acquire the assets of the subsidiaries of Switch Enterprises, LLC based out of Canada, the US and the UK. Switch Enterprises along with its subsidiaries are referred to as ‘Switch’.
