The challenge here in interpreting these sorts of announcements is that IoT is a buzz word that telco companies want to be associated with, irrespective of future actual revenues / growth. It's a field still finding its way.
Not trying to bag the announcement, but IoT is as much a PR exercise as a possible future revenue stream for telcos.
Great story here though, followed for a while. Seems like the sort of play better suited to VC money by people with the right industry contacts to make it go kaboom.
The challenge here in interpreting these sorts of announcements...
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