Formula 1 and Tata Communications announce multi-year strategic collaboration
PR95053
LONDON and MUMBAI, India, March 17, 2022 /PRNewswire=KYODO JBN/ --
As the 'Official Broadcast Connectivity Provider', Tata Communications to
transform motorsports with innovative fan experiences
Formula 1® <https://www.formula1.com/> and Tata Communications
<https://www.tatacommunications.com/> – a global digital ecosystem enabler
powering the fast-growing digital economy, today are delighted to announce a
multi-year strategic collaboration, with Tata Communications returning to sport
as the Official Broadcast Connectivity Provider of Formula 1, to deliver and
enhance a world-class, technologically advanced experience for fans globally.
Tata Communications will empower Formula 1 with global end-to-end managed
network services for video contribution, thereby transforming the motorsports
experience. For this, the company will facilitate the transfer of more than 100
video feeds and over 250 audio channels to be transmitted between the Grand
Prix venue and F1's Media & Technology Centre in the UK every race weekend in
under 200 milliseconds, enabling F1 to broadcast to over 500 million fans in
180+ territories globally.
Tata Communications' industry-recognised and built-for-media connectivity
solutions will enable Formula 1 to transform the broadcast content production
worldwide while continuing to support the sport's drive for agility and
sustainability. Following the introduction of Formula 1's remote broadcast
operations in 2020, Tata Communications has allowed reduction in the
organisation's travelling freight by 34%.
Stefano Domenicali, President & CEO of Formula 1, said "We are delighted to
welcome Tata Communications back as a partner following previous successes in
our partnerships. They have been an integral part of our growth journey over
the last decade, and we completely trust their expertise and abilities to
deliver what we need for our fans. This trust has been built over many years of
working together, pushing forward advancements in technology in sport – on and
off the track. Tata Communications' connectivity continues to support F1's
drive for agility and sustainability with remote production introduced in 2020
- part of our aim to be Net-Zero Carbon by 2030. We are excited to grow
together in the future and share the incredible journey Formula 1 is on."
"As businesses evolve to a digital-first model, I believe the sporting world
also has a great opportunity to leverage technology for delivering innovative
and exhilarating experiences to motorsports enthusiasts," said Amur S
Lakshminarayanan, MD and CEO, Tata Communications. "And, Formula 1 is at the
core of all things speed, action and thrill. We are delighted to renew our
relationship and empower Formula 1's tomorrow, today!"
Recently, Tata Communications has been recognised as a 'Major Player' in IDC
MarketScape for Worldwide Commercial Content Delivery Network Services 2022
Vendor Assessment.
Tata Communications continues to develop new and innovative digital-first media
& entertainment services, enabling an end-to-end platform play for immersive
fan experiences. The Company also expanded its bandwidth capacity or media
backbone to 100G driving innovations in video, remote production and more.
About Formula 1
Formula 1® racing began in 1950 and is the world's most prestigious motor
racing competition, as well as the world's most popular annual sporting series.
Formula One World Championship Limited is part of Formula 1® and holds the
exclusive commercial rights to the FIA Formula One World Championship™. Formula
1® is a subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK,
BATRA, BATRK, FWONA, FWONK) attributed to the Formula One Group tracking stock.
The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD
CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of
Formula One Licensing BV, a Formula 1 company. All rights reserved.
About Tata Communications
A part of the Tata Group, Tata Communications (NSE: TATACOMM; BSE: 500483) is a
global digital ecosystem enabler powering today's fast-growing digital economy
in more than 190 countries and territories. Leading with trust, it enables
digital transformation of enterprises globally with collaboration and connected
solutions, core and next gen connectivity, cloud hosting and security solutions
and media services. 300 of the Fortune 500 companies are its customers and the
company connects businesses to 80% of the world's cloud giants. For more
information, please visit www.tatacommunications.com
https://www.facebook.com/TataCommunications/
https://www.linkedin.com/company/tata-communication
https://www.instagram.com/tata_comm/
https://www.youtube.com/user/tatacomms
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and
its prospects, and other statements, including those relating to Tata
Communications' expected financial position, business strategy, the future
development of Tata Communications' operations, and the general economy in
India, are forward-looking statements. Such statements involve known and
unknown risks, uncertainties and other factors, including financial, regulatory
and environmental, as well as those relating to industry growth and trend
projections, which may cause actual results, performance or achievements of
Tata Communications, or industry results, to differ materially from those
expressed or implied by such forward-looking statements. The important factors
that could cause actual results, performance or achievements to differ
materially from such forward-looking statements include, among others, failure
to increase the volume of traffic on Tata Communications' network; failure to
develop new products and services that meet customer demands and generate
acceptable margins; failure to successfully complete commercial testing of new
technology and information systems to support new products and services,
including voice transmission services; failure to stabilize or reduce the rate
of price compression on certain of the company's communications services;
failure to integrate strategic acquisitions and changes in government policies
or regulations of India and, in particular, changes relating to the
administration of Tata Communications' industry; and, in general, the economic,
business and credit conditions in India. Additional factors that could cause
actual results, performance or achievements to differ materially from such
forward-looking statements, many of which are not in Tata Communications'
control, include, but are not limited to, those risk factors discussed in Tata
Communications Limited's Annual Reports.
The Annual Reports of Tata Communications Limited are available at
www.tatacommunications.com. Tata Communications is under no obligation to, and
expressly disclaims any obligation to, update or alter its forward-looking
statements.
(C) 2022 Tata Communications Ltd. All rights reserved.
TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata
Sons Private Limited in India and certain countries.
Photo -
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Source: Tata Communications
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