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Monday, 23 January 2017

Tata Comm`s arm invests in Teleena Holding

Leading telecom company, Tata Communications Ltd has informed in a filing to the Bombay Stock Exchange that Tata Communications (Netherlands) B.V., a wholly owned indirect subsidiary of Tata Communications Limited, has made an investment in Teleena Holding B.V. (Teleena) (a mobile virtual network enabler headquartered in the Netherlands) on January 20, 2017 as part of Tata Communications’ long term development strategy of its global mobility and loT 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. Tata Communications Limited is a global Telecom company of Indian business conglomerate Tata Group.

The company’s infrastructure includes sub-sea, terrestrial communications networks, data centers and it provides fixed line and wireless services. Meanwhile, shares of the company were trading at Rs 673.45 apiece, up 0.17 per cent from the previous close at 09:34 hours on BSE.

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