Tata Communications buys 58.1% stake in French e-SIM tech company
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Last Updated: Dec 23, 2020, 07:19 PM IST
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Synopsis
The acquisition also comes at a time when Tata Comm is betting big on IoT and has to stay ahead of competition from telecom operators in the enterprise segment.
This also comes on the back of importance given to security where e-SIMs facilitate secure, reliable, and cost-efficient cellular connectivity for IoT and M2M applications.
Tata Communications has acquired a majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider, which will help the telecom company provide better offerings to its enterprise customers globally.