NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432) and the Transatel (HQ: Paris, France, CEO: Jacques Bonifay), a global Internet of Things (IoT) cellular connectivity management provider and Mobile Virtual Network Enabler (MVNE), jointly announced that they have entered into exclusive negotiations over NTT Com´s acquisition of a majority stake in Transatel, and that the necessary notification and consultation with the relevant works council were completed on December 20, 2018, the companies said.
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. 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 USD 1.1 trillion by 2021.
Transatel, established in 2000, has since 2012 been a pioneer in deploying its own worldwide data MVNO network compliant with Embedded SIM (eSIM*2) technology to address three key market segments: Consumer Electronics, Automotive and Industrial IoT (IIoT). Its award-winning SIM 901 platform has been selected by prestigious enterprises to deliver secure, global cellular connectivity services, authentication and network management.
NTT Communications solves the world´s technology challenges by helping enterprises overcome complexity and risk in their ICT environments with managed IT infrastructure solutions. These solutions are backed by our worldwide infrastructure, including industry, global tier-1 public and private networks reaching over 190 countries/regions, and more than 400,000m2 of the world´s most advanced datacenter facilities.
As the European MVNE/A (Mobile Virtual Network Enabler/Aggregator), Transatel has, since its inception in 2000, launched over 170 MVNOs (Mobile Virtual Network Operators) and built a strong expertise in Machine-to-Machine connectivity.