Tata Communications arm invests in Dutch firm

Tata Communications Ltd's Netherlands subsidiary on Saturday announced that it has invested in Teleena Holding B.V., a mobile virtual network enabler, making it the largest investor in the Dutch firm.

In a regulatory filing to the BSE, the city-based company said the undisclosed amount of investment, made on Friday, was part of its long-term development strategy of its global mobility and IoT (Internet of Things) services.

"As a result of this investment, Tata Communications (Netherlands) B.V., becomes the single largest shareholder of Teleena with a 35 per cent stake," said the filing.

--IANS

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