India’s Tata acquires majority stake in French eSIM provider Oasis
Indian telecoms giant Tata Communications has acquired a majority equity stake of 58.1 percent in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider, according to a joint statement by both companies.
Oasis develops and provides advanced technologies and personalized services to enable the deployment of eSIM and SIM technologies.
With this investment, eSIM technology will be fully integrated into Tata Communications MOVETM, enabling an end-to-end embedded connectivity solution and strengthening Tata Communications MOVE as a single source platform for global enterprise mobility needs.
Tata Communications will drive and accelerate product roadmap R&D with Oasis, leveraging and amplifying the growth in the mobility and IoT markets.
“Through this investment, we will focus on the software layer of the Tata Communications MOVE portfolio and drive further innovation in eSIM technology through product roadmap R&D,” Tri Pham, Chief Strategy Officer at Tata Communications said in the statement.
Pham added that with With Tata Communications MOVE, enterprise customers have access to a secure, complete end-to-end mobility platform. They gain independence, flexibility and greater control of their mobility requirements, as they look to leverage the Internet of Things (IoT) and M2M solutions to transform their business.
Forecasts predict that by 2025 there will be two billion shipped eSIM-enabled devices.
eSIMs facilitate secure, reliable, and cost-efficient cellular connectivity for IoT and M2M applications. They enable significant ease of use with remote provisioning and the ability to connect with multiple mobile network operators, making subscription management easier for the end-users, with an added layer of security.
Embedding mobile connectivity into a wide range of devices creates a significant opportunity for OEMs serving multiple markets, to expand their services and leverage the full potential of IoT.
This investment strengthens Tata Communications’ ability to offer enterprises global solutions with a local experience and simplified management.
“At Oasis, we’re very excited about growing our business with Tata Communications globally. In Tata Communications, we see the vision, capability and ambition to drive transformation and innovation in the mobility and IoT markets”, said Olivier Leroux, CEO of Oasis.
Leroux highlighted that the company is looking forward to leveraging their joint capabilities to develop and co-create products and solutions to enable end-to-end embedded connectivity and to transform businesses through the latest mobile technologies.
Recently, Tata Communications, partnered with U.S.-based Micron Technology, a computer memory and computer data storage manufacturer, announced a worldwide cellular-enabled connectivity solution to simplify and accelerate large-scale global deployment of IoT devices.
The solution leverages Oasis’ Velios-As-A-Service, the world’s first cloud-based eSIM for IoT devices offering a scalable, on-demand and secure SIM deployment on the IoT ecosystem.
With this technology, the Tata Communications MOVE Global IoT Solution will offer a pervasive, end-to-end solution for zero-touch onboarding of connected IoT devices to cloud services, globally. This combined solution will deliver highly scalable IoT security, seamless global connectivity, on-demand cellular enabled subscription and pay-as-you-go flexibility for customers.
“Enterprises are increasingly relying on mobile devices to operate and access data in the cloud. This coupled with the rise in the number of M2M connections globally show that there is immense opportunity in the eSIM market,” Pham noted.
Tata Communications MOVE offers IoT and connectivity solutions across 200 countries and territories — backed by the company’s relationships with more than 600 mobile network operators worldwide.