Posted December 23rd, 2020 for Tata Communications Strengthens Tata Communications MOVE as a single source platform for global enterprise mobility needs Tata Communications and Oasis to drive next-generation product R&D and innovation for the global mobility and IoT markets
Tata Communications , a global digital ecosystem enabler, has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications MOVE
TM , enabling an end-to-end embedded connectivity solution and strengthening Tata Communications MOVE™ as a single source platform for global enterprise mobility needs. Tata Communications will drive and accelerate product roadmap R&D with Oasis, leveraging and amplifying the gr
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Tata Communications stock hits all-time high after firm buys majority stake in French firm Oasis Smart SIM
Tata Communications share gained 9.3% to Rs 1,144.95, a fresh all-time high, against previous close of Rs 1048.35 on BSE
BusinessToday.In | December 24, 2020 | Updated 12:38 IST
Tata Communications share has risen 13.26% in last three days. The stock opened with a gain of 2.54% at Rs 1,090 today
Share of Tata Communications rose over 9% in early trade today after the firm acquired majority stake in French firm Oasis Smart SIM. Tata Communications share gained 9.3% to Rs 1,144.95, a fresh all-time high, against previous close of Rs 1048.35 on BSE. Market cap of the firm rose to Rs 30,933 crore.
Tata Communications acquires majority equity stake in Oasis Smart SIM Europe SAS (Oasis), a leading eSIM technology provider
Posted On: 2020-12-23 05:04:37 (Time Zone: Arizona, USA)
Tata Communications, a global digital ecosystem enabler, has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications MOVETM, enabling an end-to-end embedded connectivity solution and strengthening Tata Communications MOVE™ as a single source platform for global enterprise mobility needs. Tata Communications will drive and accelerate product roadmap R&D with Oasis, leveraging and amplifying the growth in the mobility and IoT markets.
Oasis develops and provides advanced technologies and personalised services to enable deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications connectivity solution offering, the company said in a statement. It, however, didn t disclose the amount it has invested. eSIMs facilitate secure, reliable, and cost-efficient cellular connectivity for Internet of Things (IoT) and machine-to-machine (M2M) applications. Unlike traditional SIM, new connections on eSIM can be activated remotely and also customised without the need of customer visiting contact centres of companies physically. .the rise in the number of M2M connections globally show that there is immense opportunity in the eSIM market. Oasis has the right mix of technology expertise, agility as well as exceptional talent, Tata Communications Chief Strategy Officer Tri Pham said in the statement.