RELEASE: Formula E and Tata Communications announce multi-year collaboration

(Information sent by the signatory company).

BUSINESS
19 February 2023 Sunday 21:52
NewsEditor

RELEASE: Formula E and Tata Communications announce multi-year collaboration

(Information sent by the signatory company)

Tata Communications becomes Official Broadcast Distribution Provider of the ABB FIA Formula E World Championship

The multi-year strategic relationship supports the new and innovative Formula E remote broadcast production system, which reduces the environmental impact associated with live television coverage of major international sporting events

TV viewers from all over the world tuned in live last Saturday for the first ever Formula E race in India, the Greenko Hyderabad E-Prix 2023

MUMBAI, India and LONDON, Feb. 20, 2023 /PRNewswire/ -- Formula E and Tata Communications have announced a multi-year strategic relationship with the global communications technology company, which will become the official broadcast distribution provider of the Formula E Championship. Formula E World ABB FIA.

Under the new agreement, Tata Communications will deliver live high-definition, high-resolution and high-speed content to viewers around the world as part of the new Formula E live race remote broadcast production, reducing environmental impact. typical of major international sporting events live on television.

Tata Communications' technologically advanced, software-defined edge media platform will broadcast over 160 live video and audio feeds of Formula E racing across the continents in milliseconds, using 26 edge media locations across North America , Europe and Asia.

The new super-fast distribution of race broadcasts will be supported by Tata Communications' specially trained experts, who will provide global end-to-end managed services 24 hours a day for all 16 races this season. Tata Communications and Formula E are also working together to further enrich motorsport fan experiences with innovation and efficiency.

Tata Communications made Formula E history when the ABB FIA Formula E World Championship held races in India for the first time. Viewers around the world follow the action live as 22 drivers from 11 teams including Mahindra Racing, Jaguar TCS Racing, Maserati MSG Racing and NEOM McLaren Formula E Team compete in the 2023 Greenko Hyderabad E-Prix.

Jamie Reigle, CEO, Formula E, said:

"Formula E is an intense journey given its itinerant nature. Tata Communications' support over the years has made state-of-the-art remote production possible, with real-time television broadcasts from race venues to our broadcast center in London and, finally, to the screens of the spectators.In this way, multiple logistical challenges have been overcome, cost efficiency has been improved, the movements of our employees, especially women, have been made more flexible, and emissions have been reduced.

A.S Lakshminarayanan, President and CEO, Tata Communications, said:

"There are 85 cameras capturing the event for over 400 million people around the world. Being able to facilitate this speaks volumes about the power of the internet that we have been able to harness, with our dedicated media cloud and computing capabilities. In addition to our longstanding collaboration with the FIA, we extend our services to several major sports leagues around the world."

Note to editors:

forward-looking statements

Certain words and statements in this release relating to Tata Communications and its prospects, as well as other statements, including those relating to Tata Communications' anticipated financial condition, its business strategy, the future development of Tata Communications' operations and the general economy of India, constitute forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those related to industry growth and projected trends, which may cause actual results, performance or achievements of Tata Communications, or results of the sector, differ materially from those expressed or implied in said forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, but are not limited to, the inability to increase the volume of traffic on Tata Communications' network; the inability to develop new products and services that meet customer demands and generate acceptable margins; the inability to successfully complete commercial trials of new information technologies and systems to support new products and services, including voice transmission services; the impossibility of stabilizing or reducing the price compression rate of some of the company's communications services; the inability to integrate strategic acquisitions and changes in Indian government policies or regulations, and in particular, changes relating to Tata Communications' industry management; and, in general, 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 within the control of Tata Communications, include, but are not limited to, the risk factors discussed in the annual reports of Tata Communications Limited.

Tata Communications Limited's annual reports are available at www.tatacommunications.com. Tata Communications is under no obligation to update or change its forward-looking statements, and expressly disclaims any obligation to do so.

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