Tata Communications acquires mobility and Internet of Things specialist Teleena
Deepthi | Myequity news | Date : 03-10-2018 15:10:00 IST
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. “I’m excited about this next stage on our 10-year journey, because just like Teleena, Tata Communications is fast-moving, ambitious and focused on innovation,”
“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.”
said Kim Bybjerg, CEO of Teleena.
“I look forward to working with Anthony and his team to help Tata Communications’ customers make the most of the transformational potential of IoT and mobility, and support the company’s mission to become one of the leading players in this industry.”
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.
About Tata Communications:
Tata Communications Limited along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier- 1 IP network with connectivity to more than 240 countries and territories across 500 PoPs. Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice communications.