Mumbai, Jan 21 (IANS) Tata Communications Ltd's Netherlands subsidiary on Saturday announced that it has invested in Teleena Holding B.V., a mobile virtual network enabler, making it the largest investor in the Dutch firm.
In a regulatory filing to the BSE, the city-based company said the undisclosed amount of investment, made on Friday, was part of its long-term development strategy of its global mobility and IoT (Internet of Things) 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," said the filing.
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.