According to a recent announcement by the British telecommunication titan, Vodafone is partnering for the first time with their Chinese counterpart China Mobile in order to upscale their Internet Of Things (IoT) position.
Disrupting technologies like distributed ledger technology (DLT), and/or blockchain-based platforms are the most popular “rock-stars” in the field of cutting-edge tech nowadays.
Many new start-ups strive for innovation creating and applying fresh concepts when it comes to modern telecommunication, monetary systems, and financial markets applications.
These start-ups may be as small as a local grocery store or as huge as the Berlin-based Internet Of Things giant IOTA Foundation, worth an astonishing $3.7 billion in market capitalization at the moment, while it had previously reached a cap of $14 bn earlier this year.
Despite the huge competition, some brands have already established a name for themselves in the scene and need no introduction. Vodafone is one of them.
Under a new agreement, the two parties will share new IoT project opportunities. Vodafone customers will be given access to China Mobile IoT SIMS for deployments in China, and China Mobile customers wanting to offer IoT-enabled products outside of China will use Vodafone’s Global IoT SIM and management platform.
Vodafone will manage all elements of the operational model for its customers including on-boarding, SIM, and logistics as well as billing and support. The company will effectively act as a single point of contact for its enterprise IoT customers wanting to move into China.
At the same time, China Mobile will discuss the possibility for IoT sales opportunities with Vodafone for companies wanting to expand outside of China.
Vodafone’s Global Director of IoT, Stefano Gastaut, noted: “This is an important step in the global expansion of IoT. China is leading the way in IoT adoption and has the world’s largest domestic market for IoT enabled services. This agreement with China Mobile will give our customers a route to the exciting Chinese market and provide a bridge for China Mobile’s customer to the rest of the world.”
China Mobile International’s Head of Mobile Business Partnership, Dorothy Lin, added: “Having reached over 200 million IoT connections last year, China Mobile target to increase the connections by 60% in 2018. Together with Vodafone, we will be able to offer customers the greatest possible reach in regards to IoT services. We are excited about the opportunities this agreement will bring to both companies and the industry as a whole.”
Vodafone Group is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 26 countries, partners with mobile networks in 49 more, and fixed broadband operations in 19 markets. As of 31 December 2017, Vodafone Group had 529.1 million mobile customers and 19.3 million fixed broadband customers, including India and all of the customers in Vodafone’s joint ventures and associates.