HCL Technologies and Tele 2, one of the leading European telecommunications operators today announced a strategic partnership to address the substantial market opportunities for Machine-to-Machine (M2M) and Internet of Things (IoT) solutions in Europe.

Sukamal Banerhee, senior vice president, ERS, HCL Technologies said, ''We are very pleased to partner with Tele 2 and look forward to developing new and exciting M2M and IoT opportunities together in Europe. Tele2's dedicated and fully integrated business unit for M2M solutions demonstrates its clear commitment ot this market; earmarking it as our clear partner of choice.''

Shares of the company gained Rs 28.8, or 1.41%, to trade at Rs 2,064.75. The total volume of shares traded was 76,620 at the BSE (3.47 p.m., Thursday).