NTT Communications to Acquire Stake in Transatel
NTT Communications Corp. (NTT Com), and the Transatel, a global Internet of Things (IoT) cellular connectivity management provider and Mobile Virtual Network Enabler (MVNE), jointly announced that they have entered into exclusive negotiations over NTT Com’s acquisition of a majority stake in Transatel.
The necessary notification and consultation with the relevant works council were completed on December 20, 2018. After entering into the definitive agreement, NTT Com and Transatel will proceed to complete the transaction.
The development of connected cars, industrial and consumer IoT, and smart cities, will bring major changes to our societies. This revolution is expected to unleash tremendous new business opportunities enabling enterprises to connect, manage and monetize their IoT services, and this market is expected to reach $1.1 trillion by 2021.
Transatel, established in 2000, has since 2012 been a pioneer in deploying its own worldwide data MVNO network compliant with Embedded SIM (eSIM) technology to address three key market segments: Consumer Electronics, Automotive and Industrial IoT (IIoT).
Its award-winning SIM 901 platform has been selected by prestigious enterprises to deliver secure, global cellular connectivity services, authentication and network management. In addition, Transatel has a track record of over 170 successful client MVNO launches and is the leading European MVNE.
This transaction will allow NTT Com to drastically extend its Global IoT solution offering. The combined synergies between Transatel’s Worldwide data MVNO solutions and NTT Com’s Global Network infrastructure, data center, cloud and IoT platform will bring to this alliance the ability to provide a unique value proposition to the market.
