Tata Communications Acquires Netherlands based Teleena
Tata Communications announced that the company is acquiring Teleena which is a Netherlands based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).
This deal is followed by Tata Communications’ investment in Teleena in January 2017 when the company became the single largest shareholder in Teleena with a 35% stake.
“The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass $1.7trillion,” 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.”
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