Formula 1 and Tata Communications announce multi-year strategic collaboration

Tata Communications

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://twitter.com/tata_comm

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 -

https://mma.prnewswire.com/media/1768271/Tata_Communications_Formula_1.jpg

 

Source: Tata Communications

 

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