Tata Communications, a global digital ecosystem enabler, today announces it has entered into a share purchase agreement through its Singapore-based subsidiary Tata Communications International Pte Limited (TCIPL) to acquire the remaining 41.9% equity in Oasis Smart SIM Europe SAS (Oasis), a leading embedded-SIM (eSIM) technology provider. The transaction enables TCIPL to gain complete 100% equity shareholding in Oasis Smart SIM Europe enabling Tata Communications to accelerate and augment Tata Communications MOVE™ platform roadmap for global markets.
As part of the share purchase agreement, Tata Communications will buy out the remaining stake from the non-controlling shareholders of Oasis. It is expected that the acquisition will be complete within one month, subject to customary legal requirements. Post closing of the transaction, Oasis and its subsidiary will become wholly-owned indirect subsidiaries of Tata Communications. Earlier in December 2020, TCIPL had acquired majority equity stake of 58.1% in Oasis.
Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. It has delivered over 350 million operating systems worldwide, worked with more than 100 mobile network operators (MNOs) and has been empowering OEMs and IoT service providers to deliver eSIMs potential to global enterprises.
For more information, please refer to the link: https://www.tatacommunications.com/press-release/tata-communications-to-acquire-remaining-equity-in-oasis-smart-sim-europe-sas-2/