NTT Com acquires majority stake in Transatel
NTT Communications (NTT Com) has entered into exclusive negotiations to acquire a majority stake in Transatel, a global internet of things (IoT) connectivity provider and Mobile Virtual Network Enabler (MVNE).
The deal will enable NTT Com to extend its global IoT solution offerings. In addition, the combined synergies across Transatel’s global data MVNO solutions and NTT Com’s global network infrastructure, data centre, cloud and IoT platform will create a unique value proposition to the market.
"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 at NTT Com.
Since launching in 2000, Transatel has been a leader in deploying its global data MVNO network compliant with eSIM technology to meet the needs of consumer electronics, automotive and industrial IoT markets.
According to IDC by 2021 connected cars, industrial & consumer IoT as well as smart cities will have a revolutionary impact on society. Enterprises will be able to connect, manage and monetise their IoT services with the market expected to reach $1.1 trillion.
"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," Jacques Bonifay, CEO and founder of Transatel (pictured).
The companies completed the necessary notification and consultations with the relevant works council on 20 December 2018, and once both have entered into a definitive agreement, will complete the transaction although no timeline has been given.
Back in December, NTT Com’s RagingWire Data Centers purchased land and began developing its California Silicon Valley 1 (SV1) data centre in Santa Clara. The 160,000 sq ft, four-story facility is being built on a 3.3 acre site, with 64,000 sq ft of data floor space and 16MW of scalable, critical IT power.