Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 February, 2020 03:54 IST
Tata Communications acquires mobility, IoT specialist - Teleena
Source: IRIS | 04 Oct, 2018, 11.08AM
Comments  |  Post Comment

Tata Communications, a leading global digital infrastructure provider, is acquiring Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). The company’s technology reduces the operational complexity and cost of mobility and IoT deployments for businesses.

Teleena's solution is a key part of the Tata Communications' MOVE platform, which enables enterprises and device manufacturers to capture, move and manage information worldwide through borderless, secure and scalable connectivity. The acquisition is an investment in technology and talent to complement Tata Communications' growth strategy in the global mobility and IoT market. It gives the company full access to Teleena's technology portfolio, including its MVNE platform, its Operational Support System / Business Support System (OSS/BSS) solution, and the expertise of Teleena's mobility and IoT industry specialists.

Teleena's customers will now transition to become Tata Communications’ customers, and all Teleena employees will become Tata Communications' employees.

''The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises' spending on mobility alone is set to surpass USD 1.7 trillion,'' said Anthony Bartolo, Chief Product Officer, Tata Communications. ''Our vision is to create an environment where anything can be 'born connected'. Providing everyone and everything in the world with seamless connectivity globally will support businesses' digital transformation. The combination of the Tata Communications MOVE™ platform, and Teleena's technology and talent, will help us fulfil this vision, and accelerate our growth in the mobility and IoT market.''

Shares of the company declined Rs 2, or 0.41%, to trade at Rs 486.45. The total volume of shares traded was 8,265 at the BSE (10.59 a.m., Thursday).



Tata Communications Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Navin Fluorine announces USD 410 million multi-year contract with Global Co - 25-Feb-2020 21:31
Hindustan Unilever approves formation of new subsidiary - 25-Feb-2020 21:27
TVS Motor Co Feb production affected due to corona virus outbreak - 25-Feb-2020 21:23
DoT seeks Rs 76.08 bn from GAIL in dues for FY18 - 25-Feb-2020 21:11
HDFC Bank gives SmartUp Grants to social sector start-ups - 25-Feb-2020 20:50
HDFC Bank gives SmartUp Grants to social sector start-ups - 25-Feb-2020 20:09
Axis Bank, Max Financial Co ink strategic partnership - 24-Feb-2020 21:38
Department of Telecommunications clears Bharti Infratel-Indus merger: Sources - 24-Feb-2020 21:33
Greenply Ind consolidated net profit rises 2.25% in Dec quarter - 24-Feb-2020 21:17
RCom share hits upper circuit on stock exchange - 24-Feb-2020 21:10
Muthoot Finance raises USD 550 mn from Int'l bond markets - 24-Feb-2020 21:00
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer