Tata Communications has acquired Netherlands–based Teleena, an IoT and mobile virtual network enabler (MVNE) company which ‘reduces operational complexity and cost of IOT deployment’ for businesses, it said. Tata Communications was using (and continues to use) Teleena on its MOVE platform with which enterprises and device manufacturers can record, move and manage information globally.

Tata will get access to Teleena’s technology portfolio, operational and business support system, and talent expertise. All of Teleena’s employees will join Tata and its users now Tata’s customers. Teleena was founded in 2007 and has offices in Serbia and Singapore, outside of the Netherlands.

Note that Tata had acquired a 35% stake in Teleena in January 2017, which made it the largest stakeholder in Teleena. “Our vision is to create an environment where anything can be ‘born connected’…. The combination of the Tata Communications MOVE platform, and Teleena’s technology and talent, will.. accelerate our growth in the mobility and IoT market,” said Anthony Bartolo, Chief Product Officer, Tata Communications.

Tata’s MOVE platform counts Omate, Doki Technologies, MyRepublic (MVNO) and W-Locate (logistics) as customers.

IoT network for smart meters in Mumbai

In India, in April this year, Tata Communications and Mahanagar Gas Limited (MGL) said they would deploy 5,000 smart gas meters in Mumbai. According to Rajeev Mathur, managing director of Mahanagar Gas Limited, “Smart meters connected to Tata Communications’ IoT network will enable households and businesses to access insights on their gas usage in real-time using an interactive online dashboard.” The technology will enable MGL to enhance operational efficiencies.

Financials

Last month, Tata Communications reported a 2.4% year-on-year decline in consolidated revenue to Rs 3,912.3 crore in Q1FY19 “primarily because of lower volume and price compression in the Voice business.”

Our Tata Communications coverage here.