Nieuwegein, The Netherlands, 23 January 2017
Tata Communications becomes the biggest shareholder in Dutch IoT firm Teleena
Tata Communications has boosted its interest in mobile virtual networks and machine-to-machine communications by becoming the largest shareholder in Teleena, taking a 35% holding. Teleena is a mobile virtual network enabler (MVNE) and the Internet of things (IoT) specialist based in Nieuwegein, the Netherlands. No price has been disclosed for the purchase.
Tata Communications disclosed the information in a filing to the Bombay Stock Exchange on Friday. The company said the investment was part of a long-term development strategy of its global mobility and internet of things services. Teleena has made no comment on the deal.