Telefónica and Idrica, a company specializing in “digital transformation of water cycle management,” have signed a global partnership agreement to provide services to companies in the water sector, focused on operations management and maintenance.
The agreement includes the development of solutions supported by NB-IoT, LTE-M and 5G networks. The solution allows companies to monitor real-time information on all their infrastructures and processes in one single place and automate recurring tasks, Telefónica says.
As with most such partnerships, Telefónica is likely to supply the connections, Idrica the software and hardware for internet of things operations. Telefónica says it supplies more than 30 million IoT connections worldwide.
What remains to be seen, as always, is the value Telefónica can bring, and how that translates into revenue for Telefónica. Connection revenue alone is not expected to be a huge revenue generator. Where early on it seemed IoT connections would generate US $1 to $2 per month per device, prices already have dropped to a bit over $1 in many cases, and some IoT connections might already be half of that.
source: Jasper
source: Jasper
It also supplies Kite, an in-house solution to manage IoT devices with a dedicated network infrastructure globally deployed and hosted in the cloud.
Since November 2019, IoT, big data, cloud and security services sold by Telefónica are part of Telefónica Tech, the new unit with which Telefónica wants to boost the growth of these new digital businesses.
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