Comments
L&T Technology Services, a unit of engineering conglomerate Larsen & Toubro, has partnered with Europe-based telecom operator Tele2 to jointly develop solutions around Machine-to-Machine and Internet of Things.
Financial details of the tie-up were not disclosed.
According to a press statement, this alliance will help L&T Technology Services’ and Tele2’s customers implement solutions that will reduce their ‘time-to-market’.
Through this partnership, clients in transportation, mass transit and similar industries will be targeted initially.
Shares of L&T ended 0.22 per cent higher to close at ₹1,658.5 on the Bombay Stock Exchange today.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.