According to press release, Oasis develops and provides advanced technologies and personalised 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, the company said.
Tata Communications will drive and accelerate product roadmap R&D with Oasis, leveraging and amplifying the growth in the mobility and IoT markets.
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, the company said.
At 12:00 pm, the stock was trading 3 per cent higher at Rs 1,077 on the BSE, as compared to 0.51 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped multiple folds, with a combined 430,000 equity shares changing hands on the NSE and BSE.