Tata Communications, a leading provider of A New World of Communications, today announces its entry into the global USD 4 billion mobile data connectivity and crossborder Internet of Things (IoT) market. The company is unveiling the Tata Communications MOVE platform that will enable people and things to become seamlessly connected on a global scale.
''With more than 3 billion Internet users globally and billions more connected 'things' from activity trackers and smart home hubs to connected cars and street lights, we live in a truly digital world,'' said Anthony Bartolo, President, Mobility, IoT and Collaboration Solutions, Tata Communications.
''We believe that the future of this digital world lies in how all of these 'things' connect-and that everything should be born connected. So, imagine a world where there could be embedded connectivity within everything-straight out of the box, with instant and seamless access to the Internet, anywhere in the world. That's our aim with Tata Communications MOVE. It is a platform that enables companies to embed global connectivity in anything, improving the user experience, creating completely new revenue streams, and fulfilling the promise of a truly digital world.''
Tata Communications MOVE is part of the company's long-term strategy for its mobility services portfolio and its vision of creating an access and usage agnostic, cross-border mobile experience for people and things. The platform is underpinned by Tata Communications' global network, partnerships with 900 mobile communications service providers globally, and recent investment in Teleena. Teleena is an IoT connectivity specialist and mobile virtual network enabler, whose technology manages the operational complexity and reduces the cost of IoT deployments for businesses. Tata Communications' investment has made it the single largest shareholder in Teleena with a 35% stake.
Shares of the company gained Rs 6.75, or 0.91%, to trade at Rs 747.95. The total volume of shares traded was 29,029 at the BSE (12.16 p.m., Thursday).
