138.80 (3.66%) L&T Technology Services, a unit of engineering conglomerate Larsen & Toubro (L&T), has entered into partnership with Europe-based telecom operator Tele2 to jointly develop solutions around Machine-to Machine and Internet of Things. Though, financial details of the tie-up were not disclosed.
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.