Tata Communications has agreed to acquire US-based communication platform service provider Kaleyra Inc. for $100 million. The deal includes the acquisition of Kaleyra's debt and is subject to approval from stockholders and regulatory authorities. Kaleyra, with 640 employees across 16 offices, provides omnichannel communication services such as messaging, video, and voice-based services. Tata Communications expects the acquisition to result in short-term dilution in EBITDA but anticipates positive growth in the mid-term, driven by synergies and infrastructure capabilities. The acquisition will also allow Tata Communications to expand its customer base and global presence.
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