Tata Communications has reported a marginal increase of 3.5% YoY in its consolidated revenues for Q2FY19. In the quarter ended September 2018, revenues grew to Rs 4077 crore on the back of growing data services. Revenues in Q2FY18 was Rs 3937 crore. In the quarter, consolidated EBITDA was Rs 630 crore, which marked a growth of 7.4% QoQ, largely due to driving down costs and reduction of losses in Growth services. Compared to the same quarter last year (YoY), EBITDA was higher by 6%. Capital expenditure (Capex) for the quarter was $65 million as compared to $72 million in the last quarter. Tata Communications also acquired Netherlands–based Teleena, an IoT and mobile virtual network enabler (MVNE) company in October. It was already the largest stakeholder in Teleena with a 35% stake. After the acquisition, the number of devices ordered under IoT in India has increased to 61,873 from 39,450 devices ordered in Q1FY19. IoT in India is deployed on long-range (LoRa) technology, which enables connectivity for IoT devices in rural and offshore area. Products on the company's IoT India platform include smart street lighting, human safety solutions, feedback systems, automated metering for gas, water and electricity. The MOVE platform also enables MVNOs (mobile virtual network enablers) and also IoT devices. PoCs completed: Increased to 66 from 37 Customers: Increased to 19 from 15 Base stations: Increased to 5084 from 5022 Devices ordered: Increased to 61,873 from 39,450 devices MOVE platform Customers: Increased to 116 from 80 SIMs ordered: Increased to 118,201 from 71,696 The comparisons…
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