NTT Communications has bought a majority stake in Transatel, a global connectivity solution provider for the MVNO (mobile virtual network operator) and IoT markets.
NTT Communications is the ICT solutions and international communications business within Japanese conglomerate NTT Group.
Its SVP of network services, Shuichi Sasakura, said that the firm wants to drive innovation in the development of connected cars, industrial & consumer IoT and smart cities.
"Together with Transatel's engineering expertise in the IoT connectivity space, NTT Com believes that it can further enhance and contribute to bringing about digital transformation for our customers and partners in the IoT age," he said.
Transatel's CEO and founder Jacques Bonifay added that NTT's investment will enable the French firm to extend its reach into Asia.
"Thanks to NTT Com, Transatel now has the capacity to greatly increase its operational presence in Asia for the benefit of its European customers as well as providing the ideal solution for Asian companies and other Global Multi-National companies looking to globally expand their IoT offerings."
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