TELEENA RAISES GROWTH FINANCING FROM TATA COMMUNICATIONS
Enormous market potential comes within reach
Founded in 2007 in the highly innovative and competitive Dutch telecommunications market, Teleena has built a comprehensive service portfolio to help M(V)NO’s to become successful. Teleena’s MVNx service delivery platform has been revolutionized to become the cornerstone of a fully managed IoT Enablement Platform.
Tata Communications, a leading global communications and enterprise IT service provider, announced on the 20st of January 2017 that it completed a strategic investment in Teleena.
IMPROVED Corporate Finance has acted as the exclusive financial advisor to Teleena on its fundraising with Tata Communications.
IMPROVED Corporate Finance, commented: “Teleena’s state-of-the-art proprietary connectivity platform makes it a frontrunner in a fast-growing market. Having secured additional growth financing from Tata Communications, the most suitable and global reputable strategic investor, we believe Teleena is extremely well-positioned to address the huge market potential in both IoT and Mobile.” The IMPROVED Corporate Finance’s deal team consisted of: Robert Wilhelm, Arjan Brienen and Manus Weber
Teleena is a global IoT and MVNO enabler headquartered in the Netherlands, with regional offices in the United Kingdom and Singapore. Since its foundation in 2007, Teleena has been enabling companies with IoT and Mobile ambitions with a broad portfolio of products and services. Today, Teleena operates more than 1 million devices, worldwide.
Teleena’s value proposition: We take the complexity out of connecting everything and everybody. It is our aim to allow our customers to seamlessly connect to all mobile operators worldwide and help them to realize all their mobile connectivity and IoT ambitions. Either to unleash new business, to grow revenue or to reduce costs. Teleena service portfolio spans the entire IoT/Mobile spectrum from core network (SIMs, GGSN/PGW, OCS/PCRF, HLR/HSS) to business support tools (Management Portal and APIs) in a highly scalable way. Teleena’s roaming agreements provide access to 660 networks in 220 countries, as well 50 million global WiFi hotspots, LoRa and Sigfox network connectivity.
More information: www.teleena.com; Mr. Emile de Boer
About Tata Communications:
Tata Communications is a global company with its roots in the emerging markets. Headquartered in Mumbai and Singapore, it has more than 8500 employees across 38 countries. The USD 3.2 billion company is listed on the Bombay Stock Exchange and the National Stock Exchange of India and is the flagship telecoms arm of the USD 103.3 billion Tata Group.
Tata Communications owns and operates the world’s largest fibre optic cable network, covering 240,000 kilometers, including the first and only fibre optic ring around the world. Their network travels over land and under the sea to link six continents and more than 200 nations, territories and accounts for over 20% of the world’s Internet routes. Tata Communications’ network also carries 53 billion voice minutes per year, and 50% of the world’s roaming traffic.
About IMPROVED Corporate Finance:
IMPROVED Corporate Finance provides financial advisory services related to mergers & acquisitions and financing.
IMPROVED provides corporate finance - improved. Our mentality? When we commit to you; we believe in you; we will fight for you and for the deal. Not just any deal, but the best possible deal for you, your company and its future.
We believe in IMPROVED deals: The best deals are deals with winners only.
More information: www.improvedcf.com; Mr. Robert Wilhelm