HCL Technologies hits new high on strategic alliance with Tele2
The stock up 2% at Rs 2,075, also its record high on BSE.
 "HCL Technologies hits new high on strategic alliance with Tele2")
Shares of HCL Technologies has moved higher by 2% at Rs 2,075, also its new high on BSE, after the company announced a strategic partnership with Tele2 to address the substantial market opportunities for Machine-to-Machine (M2M) and Internet of Things (IoT) solutions in Europe.
Tele2 is one of the leading European telecommunications operators.
HCL will be responsible for the implementation, integration, roll-out and ongoing support of M2M/IoT solutions, in addition to device connectivity though its flagship Device Gateway product – Aegis. This becomes feasible through Tele2’s Control Centre, which is the market leading M2M/IoT connectivity platform in the world.
The stock opened at Rs 2,055 and touched a low of Rs 2,037 on BSE. A combined around 783,000 shares changed hands on the counter till 1458 hours on BSE and NSE.
Tele2 is one of the leading European telecommunications operators.
HCL will be responsible for the implementation, integration, roll-out and ongoing support of M2M/IoT solutions, in addition to device connectivity though its flagship Device Gateway product – Aegis. This becomes feasible through Tele2’s Control Centre, which is the market leading M2M/IoT connectivity platform in the world.
The stock opened at Rs 2,055 and touched a low of Rs 2,037 on BSE. A combined around 783,000 shares changed hands on the counter till 1458 hours on BSE and NSE.