Name: Latest research reports of Tata Communications Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Tata Communications Ltd.
Rating: 5
Author: ICICI Securities Limited

Plugging the gaps through inorganic route

Buy: Tata Communications Ltd.

Target

ICICI Securities Limited

Tata Communications (TCom) has agreed to acquire Kaleyra, a US-based omni- channel integrated CPaaS player for enterprise value of US$250mn (0.73x CY22 sales). This is likely to enhance TCom’s global position in CPaaS services (which is growing at 25% CAGR as per Juniper), and with The Switch acquisition, TCom’s position in the US may become stronger.