Moneycontrol PRO
HomeNewsBusinessTata Comm fully acquires Netherlands-based IoT firm Teleena

Tata Comm fully acquires Netherlands-based IoT firm Teleena

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

October 03, 2018 / 22:31 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Tata Communications announced it has acquired 100 percent stake in the Netherlands-based mobility and internet-of-things specialist firm Teleena.

    "Tata Communications is the sole shareholder (in Teleena). We now own 100 percent of Teleena," Anthony Bartolo, chief product officer, Tata Communications, said in a statement.

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

    Tata Communications said Teleena's technology reduces the operational complexity and cost of mobility and IoT deployments for businesses.

    "The acquisition is an investment in technology and talent to complement Tata Communications' growth strategy in the global mobility and IoT market," the statement said.

    With this acquisition, Tata Communications will have full access to Teleena's technology portfolio, including its mobile virtual network enabler platform, its operational and business support system solution.

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

    "The growth rate in the global mobility and IoT market is phenomenal. By 2021, enterprises' spending on mobility alone is set to surpass $1.7 trillion. Our vision is to create an environment where anything can be 'born connected'," Bartolo said.

    PTI
    first published: Oct 3, 2018 10:22 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347