Shares of Tata Communications rose around 2 per cent in early trade Wednesday after the firm said that it had been selected by the Eclat Media Group to provide support in the expansion of sports content broadcasting across Asian countries.
The target nations include Indonesia, Philippines, Malaysia, Singapore and Thailand.
Tata Communication’s scrip rose to a high of Rs 1,293.30 as against the previous close of Rs 1,268.55 on the National Stock Exchange.
According to reports, the new agreement powers Eclat Media Group's newly launched channels, SPOTV and SPOTV2 to broadcast 4000+ hours of content annually.
Tata Communications Media Ecosystem, coupled with Video Connect and Satellite Uplink services, will allow commentators of SPOTV and SPOTV2 to overlay commentary in their local language, which is added to the viewers' video feeds for relevant regions, reports said.
Fans across Asia will now be able to watch their favourite global sports in their preferred language commentary, thereby expanding the reach of content to millions of new potential viewers, reports said.
Eclat Media Group has recently launched two new channels - SPOTV and SPOTV2 - across multiple Southeast Asia and select East Asia territories, reports said.
The channels broadcast content such as tennis Grand Slam tournaments Wimbledon and US Open, motorsport championships MotoGP and WorldSBK, World Table Tennis and Badminton World Federation events, as well as popular Asian sports, reports said.
In October-December, Tata Communications posted a 27.8 per cent increase in consolidated net profit at Rs 395.21 crore. The company reported a net profit of Rs 309.41 crore in the same period a year ago.
The target nations include Indonesia, Philippines, Malaysia, Singapore and Thailand.
Tata Communication’s scrip rose to a high of Rs 1,293.30 as against the previous close of Rs 1,268.55 on the National Stock Exchange.
According to reports, the new agreement powers Eclat Media Group's newly launched channels, SPOTV and SPOTV2 to broadcast 4000+ hours of content annually.
Tata Communications Media Ecosystem, coupled with Video Connect and Satellite Uplink services, will allow commentators of SPOTV and SPOTV2 to overlay commentary in their local language, which is added to the viewers' video feeds for relevant regions, reports said.
Fans across Asia will now be able to watch their favourite global sports in their preferred language commentary, thereby expanding the reach of content to millions of new potential viewers, reports said.
Eclat Media Group has recently launched two new channels - SPOTV and SPOTV2 - across multiple Southeast Asia and select East Asia territories, reports said.
The channels broadcast content such as tennis Grand Slam tournaments Wimbledon and US Open, motorsport championships MotoGP and WorldSBK, World Table Tennis and Badminton World Federation events, as well as popular Asian sports, reports said.
In October-December, Tata Communications posted a 27.8 per cent increase in consolidated net profit at Rs 395.21 crore. The company reported a net profit of Rs 309.41 crore in the same period a year ago.
Pick the best companies to invest
BECOME AN ETPRIME MEMBERRead More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by