MUMBAI: Tata Communications plans to invest over $ 50-million over the next 2-years to drive the expansion of its newly-formed Global Media & Entertainment Solutions (GMES) group and expects the business to break-even by end-FY 11.
"We will be investing over $ 50-million in this new group to strengthen our media and entertainment portfolio over the next two-years. We are eyeing break-even by end of the coming fiscal from this portfolio," Tata Communications' COO, Mr Vinod Kumar, told reporters here on Tuesday.
The company expects a revenue of $ 200-300-million in the next 2-3 years from the GMES portfolio, that would help maximise the digital media opportunities in this segment through its new launches--Video Connect and Mosaic.
While Video Connect is a dedicated global video network software designed to help broadcasters, studios and production houses deliver video content flexibly and cost-effectively to media hotspots, Mosaic is a media management platform, that the company acquired from London-based BT Group Plc early this month.
Mosaic with its cloud-based media management, helps media customers improve cross-enterprise collaboration for content creation, management and multi-format delivery. - PTI