NTT Communications completed the acquisition of majority stake in Transatel for $180m.

NTT Communications, the ICT solutions and international communications business within the NTT Group and the Transatel, a global Internet of Things cellular connectivity management provider and Mobile Virtual Network Enabler, have entered into exclusive negotiations over NTT Com’s acquisition of a majority stake in Transatel. The necessary notification and consultation with the relevant works council were completed on December 20, 2018. After entering into the definitive agreement, NTT Com and Transatel will proceed to complete the transaction. This transaction will allow NTT Com to drastically extend its Global IoT solution offering. The combined synergies between Transatel’s Worldwide data MVNO solutions and NTT Com’s Global Network infrastructure, data center, cloud and IoT platform will bring to this alliance the ability to provide a unique value proposition to the market. “Together with Transatel’s engineering expertise in the IoT connectivity space, NTT Com believes that it can further enhance and contribute to bringing about digital transformation for our customers and partners in the IoT age,“ Shuichi Sasakura, NTT Com Senior Vice President and Head of Network Services.