Tata Communications said that it expected the acquisition to be completed within a month from the date of announcement, subject to customary legal requirements.
Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. It has delivered over 350 million operating systems worldwide, worked with more than 100 mobile network operators (MNOs) and has been helping OEMs and IoT service providers to deliver eSIMs potential to global enterprises
Following the transaction, which the company expects to close in about a month, Tata Communications Singapore-based subsidiary Tata Communications International Pte (TCIPL) would acquire 100 percent equity shareholding in Oasis Smart SIM Europe.