New media management platform empowers digital content creators with global collaboration capabilities without incurring time and cost of integrating separate services
London – January 18, 2010 – Tata Communications, a leading provider of a new world of communications, today announced that it has reached an agreement to acquire BT Group plc’s (BT) Mosaic business, which offers an on-demand digital media management platform that manages content and workflow from production to distribution across collaborative market ecosystems.
The Mosaic business, with its service-oriented architecture, helps media customers improve cross-enterprise content creation, management and multi-format delivery. It enables enterprises to deliver innovative services that meet rapidly changing consumer demands, maintain and expand audience numbers and lower production costs. The new service is targeted at the entire spectrum of media customers encompassing production houses, emerging digital media publishers, content service providers, and TV channels.
"The acquisition of the Mosaic platform strengthens our global media and entertainment portfolio with powerful cloud-based digital media management applications that can be accessed over the Web. This enhances our existing portfolio of services that we are offering to the media and entertainment sector" said Vinod Kumar, President and COO, Tata Communications "By integrating our global network infrastructure and managed services portfolio, with Mosaic’s digital media management capabilities, we are now able to create a unique platform that can take care of content workflow from production to distribution across the world."
"Although BT has sold Mosaic to Tata Communications, BT will continue to support its media customers through a sales channel agreement for Mosaic, particularly in the United States and Europe. BT remains fully committed to meeting the specific needs of our media customers worldwide," said Mark Wilson-Dunn, director of BT’s Media and Broadcast division.
The value of the unaudited gross assets that are the subject of this transaction was £0.5 million at 30 September 2009.
For further information on Mosaic please visit: Mosaic.tatacommunications.com
BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2009, BT Group’s revenue was £21,390 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit www.bt.com/aboutbt
About Tata Communications
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in operators in South Africa (Neotel), Sri Lanka (Tata Communications Lanka Limited), Nepal (United Telecom Limited), and subject to approval by the Chinese government, China (China Enterprise Communications)
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange. (NYSE: TCL)
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’ various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, updates or alters its forward-looking statements.
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