Tata Communications is a technology supplier of Formula 1 and provides Formula One Management with worldclass connectivity to all 19 Formula 1 race locations over its global network, the largest in the world. It also provides hosting and content delivery services to Formula1.com, which is accessed by tens of millions of fans around the globe.

The innovative partnership positions Tata Communications corporately as a Technology Supplier of Formula 1 with category exclusive designations as Official Connectivity Provider of Formula 1 and Official Web Hosting and Content Delivery Network Provider of Formula1.com.

Julie Woods-Moss, chief marketing officer and CEO of Nextgen at Tata Communications, says, ''Driving innovation is at the heart of our business and the F1 Connectivity Innovation Prize is one of the  latest initiatives that we are bringing to the world of Formula 1. In our third year with the sport, this new global platform will allow us, together with Formula One Management and MERCEDES AMG PERTONAS to connect with the creative thinkers across the world to push the boundaries of technology and design innovation in this fast-paced sport.''

Shares of the company declined Rs 7.2, or 1.87%, to trade at Rs 377.60. The total volume of shares traded was 42,397 at the BSE (1.44 p.m., Tuesday).