Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Antel and Tata Communications build new cloud-based network for mobile and IoT providers

Posted On: 2019-02-26 07:38:12


Antel, a state-owned company and telecommunications market leader in Uruguay, and Tata Communications, a leading global digital infrastructure provider, have joined forces to serve mobile and IoT providers in South America, Central America and the Caribbean. It will act as the foundation for next-generation mobile and Internet of Things (IoT) services in sectors such as retail, utilities, construction, IT and banking.

Antel and Tata Communications will offer cloud-based mobile and IoT services using a business model that minimises total cost of ownership and time-to-market through a unique commercial risk sharing approach. The new mobility partnership combines Antel's world-class data centre and Latin American market knowledge with the Tata Communications MOVE™ platform global network reach to enable businesses to quickly deploy new mobile and IoT services across the region.

Through the use of the Tata Communications MOVE™ platform, Antel's MVNO partners can bring their own mobile network access agreements across Central and South America as well as the Caribbean, or work with Antel as the enabler for mobile wholesale access. As a result, mobile virtual network operator (MVNO) of all sizes and market segmentations are able to launch new mobile and IoT services without making large up-front investments in their own mobile infrastructure, network service management or go-to-market operations.

The South American IoT market is projected to reach USD 19.4 billion by 2023.1 This growth is fuelled by increasingly pervasive Internet connectivity in the region, which is accelerating the use of triple-play services and smartphones amongst people and businesses. Furthermore, in some countries, there are government efforts to make it easier and more cost-effective for MVNO start-ups to get off the ground, to expedite IoT deployments, and to developing digital networks and smart cities.

"As the fastest-growing smartphone market in the world, Latin America is seeing great impulse for Internet and smartphones," said Eng. Jorge Suarez, Deputy CEO, Antel. "With our brand new multi awarded Tier III data centre, boosted with the complement of the Monet/Tannat submarine fibre optic cable system, Antel has built the perfect environment to offer carrier cloud services to become the best partner in the region of choice for businesses and local tech providers that want to introduce new solutions, engage with their customers in new ways, or boost operational efficiencies through next-generation digital applications to improve their competitiveness. Working with Tata Communications enables us to address new local partners for mobile and IoT services, while generating new revenue streams, as mobile growth in this region gains momentum."

The cloud-based, fully automated and API-enabled Tata Communications MOVE™ platform simplifies and accelerates the roll-out of new mobile and IoT services for Antel's partners. This is because it is tightly integrated with their business processes, eliminating the complexity associated with the management of operations, including service activation, billing, promotions and value-added services.

"From banking to consumer triple-play and connected car services, mobility and IoT are breaking down barriers to business growth on a regional and global scale," said Anthony Bartolo, Chief Product Officer, Tata Communications. "Yet, all too often businesses' digital transformation ambitions are being constrained by the inherently local nature of mobile networking, marred by complex roaming agreements and patchy, unreliable connectivity in different countries. With our Tata Communications MOVE™ platform and our partnership with Antel, we look forward to unlocking mobility and IoT innovation in South America, Central America and the Caribbean and enabling the region's businesses to open up new revenue streams as MVNOs.

Tata Communications MOVE™ is part of the company's aim of creating global, borderless mobile experiences for people and things. It is underpinned by Tata Communications' partnerships in the world's mobile ecosystem and its global network, which today connects 4 out of 5 mobile subscribers and carries around 30% of the world's Internet routes.

Shares of TATA COMMUNICATIONS LTD. was last trading in BSE at Rs.549.6 as compared to the previous close of Rs. 534.45. The total number of shares traded during the day was 20517 in over 742 trades.

The stock hit an intraday high of Rs. 553.35 and intraday low of 528.05. The net turnover during the day was Rs. 11190975.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Raksha Mantri unveils India's First Indigenously Designed & Developed Driverless Metro Car

Dr. Reddy's receives approval to conduct Phase 3 clinical trial for Sputnik V vaccine in India

L&T Finance Holdings Ltd posts consolidated PAT of Rs. 290.66 crore in Q3FY21

Shoppers Stop Ltd Q3FY21 consolidated loss at Rs. 25.11 crores

Plastiblends India Ltd reports net profit of Rs. 11.37 crore in Q3FY21

SORIL Infra Resources Ltd Q3FY21 consolidated PAT at Rs. 4.98 crore

Mastek's Group CEO Mr. John Owen quits

CFO Tech Outlook Recognizes Emagia As 'The Top 10 Account Receivable Solution Providers 2020'

MPCB issues closure notice to Bajaj Healthcare Limited's plant

Syncom Formulations India Ltd awarded by IPF Industrial Excellence Awards, 2021

Captain Polyplast Ltd announces capacity augmentation at Kurnool plant

ITC Limited conferred the ICSI National Award for Excellence in Corporate Governance

Hitachi Cooling and Heating launches country's first of its kind premium and luxurious air conditioning system 'SET FREE mini' for Indian market

Bhakti Gems and Jewellery Ltd Q3FY21 PAT soars to Rs. 2.07 crore

Fiat Chrysler Automobiles partners with Wipro to establish its first Global Digital Hub in India

PVR announces results for the Quarter Ended December 31, 2020

Route Mobile Ltd board to announce third quarter results on Jan 28, 2021

Maruti Suzuki India Ltd board to approve Q3FY21 results on Jan 28, 2021

Shree Cement Ltd board to consider 3rd quarter results on Jan 30, 2021

OnMobile Global Ltd board to announce Q3FY21 results on Feb 1, 2021

Page Industries Ltd board approve 2nd interim dividend, Q3 results on Feb 10, 2021

Polycab India Ltd board to announce third quarter results on Jan 23, 2021

Kotak Mahindra Bank Limited board to consider Q3FY21, 9MFY21 results on Jan 25, 2021

Hindustan Organic Chemicals Limited board to approve 3rd quarter results on Jan 27, 2021

Sukhjit Starch & Chemicals Ltd board to announce third quarter results on Jan 29, 2021

Canara Bank board to approve quarterly results on Jan 27, 2021

TeamLease Services Limited board to consider Q3FY21 results on Jan 28, 2021

Dhunseri Tea & Industries Ltd completes sale of Khetojan Tea Estate

GAIL India Ltd board approves interim dividend of Rs. 2.50 for FY21

Indian Oil Corporation Ltd board to announce Q3 results on Jan 29, 2021

V-Guard acquires non-controlling stake in a battery startup - Gegadyne Energy Labs Private Limited

Hathway Cable & Datacom Ltd Q3FY21 consolidated PAT at Rs. 62.56 crores

PVR Ltd posts consolidated loss of Rs. 49.10 crore in Q3FY21

Adtiya Birla Money Ltd posts Rs. 4.20 crore PAT in Q3FY21

GAIL India Ltd board approves buyback at Rs. 150

Onward Technologies Ltd Q3 consolidated net profit at Rs. 2.35 crore

SBI Cards and Payment Services Ltd board to announce Q3FY21 results on Jan 21, 2021

Vaibhav Global Ltd board to approve quarterly results, interim dividend on Jan 29, 2021

Sonata Software Ltd board to consider third 3rd quarter results on Feb 4, 2021

Goa Carbon Ltd board to announce Q3 results on Jan 28, 2021

Kopran Ltd board to approve third quarter results on Jan 22, 2021

Maruti Suzuki Smart Finance rolls out one-stop online finance facility for Maruti Suzuki ARENA customers

Symphony Ltd board to announce Q3FY21 results on Jan 22, 2021

UCO Bank board to consider 3rd quarter results on Jan 25, 2021

NELCO LTD board to announce Q3 results on Jan 28, 2021

Smart, safe and sustainable electrification delivers clean water supply in Surat

Mangalam Organics Limited board to approve third quarter results on Jan 22, 2021

Birla Precision Technologies Ltd board to consider allotment of 84,31,703 Equity Shares

Andhra Paper Ltd board to approve quarterly results on Jan 28, 2021

Tata Power Company Ltd board to announce Q3FY21 results on Feb 4, 2021



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020