Tata Communications buys 35% stake in Teleena

Monday 23 January 2017 | 09:50 CET | News
Tata Communications announced that it has acquired a stake of 35 percent in MVNE and IoT services provider Teleena. The acquisition is estimated to have cost EUR 10-20 million, according to Dutch paper Financieele Dagblad. Tata will have a seat on the Dutch company's supervisory board, but will not be involved in daily management, Teleena director Emile de Boer said. Tata's wholesale services are expected to support new products and services at Teleena.

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Categories: Mobile & Wireless
Companies: Tata Communications / Teleena
Countries: Netherlands / World
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