NTT Communications (NTT Com) and Transatel – a global Internet of Things (IoT) cellular connectivity management provider and Mobile Virtual Network Enabler (MVNE), have entered into exclusive negotiations over NTT Com’s acquisition of a majority stake in Transatel. After entering into the definitive agreement, NTT Com and Transatel will proceed to complete the transaction.
The development of connected cars, industrial & consumer IoT and smart cities will bring major changes to our societies, stated NTT Com. 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.
This transaction would allow NTT Com to drastically extend its Global IoT solution offering. Financial details of the deal were not disclosed.
“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,“ said Shuichi Sasakura, Senior Vice President and Head of Network Services, NTT Com.
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). Transatel’s SIM 901 platform has been selected by prestigious enterprises to deliver secured, global cellular connectivity services, authentication and network management. In addition, the company has a track record of over 170 “successful” client MVNO launches, especially in Europe.
“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,” said Jacques Bonifay, founder and CEO of Transatel.