Tata Communications : acquires majority equity stake in Oasis Smart SIM Europe SAS (Oasis), a leading eSIM technology provider

Strengthens Tata Communications MOVE as a single source platform for global enterprise mobility needs | Tata Communications and Oasis to drive next-generation product R&D and innovation for the global mobility and IoT markets

Mumbai- December 23, 2020

Tata Communications, a global digital ecosystem enabler, has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. 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 MOVE^TM, 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. 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 IoT and M2M solutions to transform their business.'

Tri Pham, Chief Strategy Officer, Tata Communications

Tata Communications and Oasis have a shared vision of making connectivity across end users, devices and machines, all-pervasive. Tata Communications MOVE™ enables enterprises and device manufacturers to capture, move and manage information worldwide through borderless, secure and scalable connectivity, with a network independent, platform approach. With this investment, the company will deliver an enhanced full-service enterprise mobility solution to customers through complete access and management of the eSIM and software layer.

'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,' said Tri Pham, Chief Strategy Officer, Tata Communications. 'Oasis has the right mix of technology expertise, agility as well as exceptional talent. 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. 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 IoT and M2M solutions to transform their business.'

'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, Oasis. 'We are looking forward to leveraging our 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, together with Micron, 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.

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.

Tata Communications MOVE™ offers transformational IoT and connectivity solutions across 200 countries and territories - backed by the company's relationships with more than 600 mobile network operators worldwide. Since its launch in February 2017, the Tata Communications MOVE™ platform has been adopted by businesses worldwide to introduce a range of innovative mobile and IoT services, across automotive, manufacturing, aviation, supply chain and other industries.

Ends...

Arati Mukerji Tata Communications [phone] [e-mail]

Sanil Shirsat AdfactorsPR [phone] [e-mail]

About Tata Communications

Tata Communications is a digital ecosystem enabler that powers today's fast-growing digital economy.

The company enables the digital transformation of enterprises globally, including 300 of the Fortune 500 - unlocking opportunities for businesses by enabling borderless growth, boosting product innovation and customer experience, improving productivity and efficiency, building agility and managing risk.

With its solutions orientated approach and proven managed service capabilities and cutting-edge infrastructure, Tata Communications drives the next level of intelligence powered by cloud, mobility, Internet of Things (IoT), collaboration, security, and network services.

Tata Communications carries around 30% of the world's internet routes and connects businesses to 60% of the world's cloud giants and 4 out of 5 mobile subscribers.

The company's capabilities are underpinned by its global network, the world's largest wholly owned subsea fibre backbone and a Tier-1 IP network with connectivity to more than 200 countries and territories.

Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.

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Forward-looking and cautionary statements

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