Stockholm – Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) and Hexaware Technologies Limited, today announces that they are entering into a Machine-to-Machine/Internet of Things (M2M/IoT) partnership to develop and roll-out more than 150 000 connected solutions within three years, mainly within Asset finance and leasing.

This partnership will help customers in their journey from data to digital and thereby introduce new revenue models, reduce time to market and lower operational costs. The partnership has been established to accelerate the implementation of IoT/M2M solutions and lower the point of entry for companies when establishing new business models in this space.

Hexaware will be responsible for the implementation, integration, roll-out and ongoing support of M2M/IoT solutions. This, combined with Tele2’s world class connectivity for M2M/IoT, will bring forward innovative and unmatched solutions to enhance the customer experience.

Rami Avidan, Managing Director M2M/IoT, Tele2 AB, comments: “We are very happy about this partnership. Hexaware’s capabilities and strong technology combined with Tele2’s M2M/IoT competence makes this a powerful partnership. Hexaware will be the front towards the customers, supported by Tele2 for all connectivity related aspects. Rolling out more than 150 000 units in the coming years shows the great potential in this area”.

Amrinder Singh, Senior Vice President and Head of Europe, Hexaware Technologies, comments: “We are very excited about our partnership with Tele2 and this will open new doors by leveraging our respective strengths. We see tremendous potential in leveraging our synergies for the benefits of our customers in the emerging connected world, and help bring cutting edge IoT/ M2M solutions at fantastic price-points.”