Israel-Hamas conflict may slow down deal conversion, says Tata Comm MD
Tata Communications, the enterprise digital services provider, does not anticipate any direct impact from geopolitical conflicts but expects deal conversion to slow down due to the Israel-Hamas conflict. The company expects operational improvements and increased EBITDA performance as the digital business scales up. The integration of The Switch, which was acquired by Tata Communications, is expected to make the media and entertainment business EBITDA positive by mid-FY25.
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