NTT Communications to acquire a stake in Transatel, for the MVNO and IoT markets

NTT Communications Corporation, the ICT and international communications solutions business within the NTT Group and Transatel, a global provider of Cellular Connectivity Management for the Internet of Things (IoT) and a Mobile Virtual Network Enabler (MVNE), have jointly announced that they have entered into exclusive negotiations for the acquisition of a majority stake of NTT Com in Transatel, and the notification to the relevant works council and consultation with the latter had been completed on December 20, 2018. Once the definitive agreement has been concluded, NTT Com and Transatel will complete the transaction. The development of the connected car, industrial and consumer IoT and smart cities will be a source of major changes for our societies. This revolution is expected to create significant new business opportunities, allowing businesses to connect, manage and monetize their IoT services. This market is expected to reach $ 1.1 trillion (€0.97 trillion) by 2021.