Tata Commn betting big on Internet of Things, to spend USD 100 mln in 2-3 yrs

Tata Communications Ltd is set to invest about USD 100 mln in the Internet of Things (IoT), a digital space the company is betting big on in coming years. The company has already rolled out its dedicated Internet-of-Things network in 38 cities across the country, together with a platform to manage the services that supports very low power consumption, said the Sr. V.P & Head, Tata Communications, Mr. VS Shridhar.

The company will also expand its LoRa network in India by 2018, Shridhar said. LoRa network is a low power wide area network, a powerful tool for mapping smart city applications and urban planning at a low bit rate.

Tata Communications focus on the enterprise biz, mostly in the B2B domain, and will be leveraging on first-mover advantage in building high networks and synchronizing with robust platforms with global leaders, it added.

Stocks of Tata Communications Limited were up 1.22% to Rs 689.00 on closing hours on NSE on Friday.