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.