Tata Communications announces completion of the acquisition of remaining 41.9% equity in Oasis Smart SIM Europe SAS (Oasis), a leading embedded-SIM (eSIM) technology provider, through its Singapore-based subsidiary Tata Communications International Pte Limited (TCIPL). With the close of this transaction, Tata Communications now completes acquisition of 100% equity shareholding in Oasis Smart SIM Europe.
On 10th July 2023, Tata Communications, through its wholly owned Singapore-based subsidiary TCIPL, had entered into a share purchase agreement to acquire the remaining 41.9% equity in Oasis.
The combined power of Tata Communications MOVETM platform and Oasis eSIM (embedded SIM) and remote SIM provisioning capabilities will equip global enterprises with end-to-end, scalable and secure eSIM connectivity. This is crucial for delivering intelligent and intuitive IoT applications, and stitching a digital fabric of secure, connected and digital experiences.
“We welcome Oasis in our journey to unleash the power of eSIMs globally. Tata Communications is committed to empowering enterprises with new-tech solutions that fuel growth and accelerate their digital transformation strategies,” said Tri Pham, Chief Strategy Officer, Tata Communications. “Our combined forces will augment adoption of data-driven innovation for enterprises to succeed in tomorrow’s hyperconnected ecosystems.”
“The eSIM adoption is at an inflection point with enterprises looking for secure and uninterrupted connectivity between machines, humans and all,” said Mysore Madhusudhan, Executive Vice President, Collaboration & Connected Solutions, Tata Communications. “The complete acquisition of Oasis and its eSIM capabilities will further our ambition to upscale Tata Communications MOVE™ and drive IoT-fuelled innovation for enterprises across sectors with agility, ease and trust.
“These are enthralling times for Oasis as well as the eSIM industry at large,” said Olivier Leroux, CEO, Oasis. “Oasis has been delivering eSIM solutions with a combination of high- speed connectivity and innovation. With Tata Communications, we’ve now found the right partner to further boost our offerings to scale up IoT deployment for our customers. I am excited to see how Oasis powers up Tata Communications MOVE™, transforming enterprises and industries worldwide.”