Tata Communications has completed its $58.8. million acquisition of global end-to-end live video production and transmission services provider The Switch.
The deal was first announced in January.
According to the company, the combined strength of Tata Communications and The Switch will “usher in a new world of end-to-end video production and transmission of high-quality, high-speed, and more immersive live video experiences for viewers and fans from event venues and racetracks to screens across varied equipment such as televisions, mobile devices, etc”.
With the completion of the transaction, The Switch joins the Media and Entertainment Services (MES) business of Tata Communications under the leadership of Dhaval Ponda, global head of media and entertainment business, Tata Communications.
Speaking about the completion of the deal, Ponda said: “Tata Communications and The Switch are now a powerhouse with the combination of live production capabilities, global edge platform dedicated for media and entertainment industry along with end-to-end managed services.
“These are exciting times in the world of video production for us to make a difference for enterprises and engage consumers. Together, we are leveraging the expertise of both companies to bring some never-before-known experiences for fans globally – whether they are playing esports, watching a live tournament or live streaming a concert. We welcome and wish our colleagues from The Switch all the very best for their future.”