Tele2 and multinational engineering firm L&T Technology Services have launched a strategic M2M partnership aimed at the transportation industry.
The companies will work together to develop M2M and IoT technologies for the auto, aero, rail and shipping industries.
The operator hopes to tap into an M2M/ IoT transport and mass transit sector it values at $10.4 billion (€8.4 billion). It claimed the same market is forecast to hit $76.1 billion (€61.3 billion) by 2020.
Areas the partnership will focus on include solutions that allow passengers to keep up-to-date with departure times and delays, as well as remote engine monitoring that will alert engineers when maintenance work is due.
Tele 2 said in a statement the companies will also develop technologies for off-highway and specialised vehicles.
Rami Avidan, Head of Tele2 M2M Global Solutions, commented: “I am really excited about the partnership with L&T Technology Services and to see how our different expertise can influence the transportation industry to become even more efficient and cost conscious with new business models”
In an interview with European Communications in September, Avidan said that partnering was a key focus for the group for securing a foothold in the M2M market. The operator entered the market less than 18 months ago.
In July, Tele2 signed a strategic partnership with NetComm Wireless to develop M2M solutions for verticals in industrial automation, security and smart cities.
The previous month, the operator bagged Europe-wide connectivity deal with the Vattenfall Group, one of the continent’s largest suppliers of energy and utilities.
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