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New Deal


Announced

Tata Communications to acquire The Switch Enterprises for $59m.

Financials

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Transaction Value£48m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Private

Majority

Pending

Digital Services

Friendly

video services

United States

Single Bidder

Synopsis

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Tata Communications, an Indian telecommunications company, agreed to acquire The Switch Enterprises, a customer-controlled video switching services provider, for $59m. "Our combined forces of The Switch's strong presence in North America and Tata Communications' global position will create a formidable powerhouse in the global media ecosystem helping enterprises harness emerging digital consumption patterns to drive innovation and disruption. In addition, The Switch production infrastructure as a service model will allow Tata Communications customers to accelerate adoption of remote production from any event around the world," Tri Pham, Tata Communications CSO.

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