Tata Communications acquires balance stake in IoT specialist Teleena

Tata Communications 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.

This acquisition follows Tata Communications' investment in Teleena in January 2017, when the company became the single largest shareholder in Teleena with a 35% stake.

Powered by Capital Market - Live News