The agreement is key for the M2M business, as it means collaborating along the entire value chain, from the development of standards to the joint development of end to end M2M vertical products and the commercialisation of solutions. It represents a further step forward in the strategic alliance signed by the two companies in 2009, based on cooperation in different business areas and on their cross holding.
Telefónica, through its recently created unit Telefónica Digital, and China Unicom today signed a strategic agreement to promote the development of M2M and the Internet of Things in a global scope. The objective involves making advances in improving connections between machines, traditionally known as M2M, through many different technologies such as cellular communications, identification by radiofrequency (RFID), sensors or global positioning systems (GPS).
This agreement derives from the wide-ranging strategic alliance entered into by the two companies and based on cooperation in areas such as purchasing, mobile services platforms, services for multinationals, wholesale services, roaming or technology. An alliance which also includes a share exchanging agreement between both parties and reciprocal representation at the Company’s Board’s, as well as a strategic alignment to exploit the combined scale of both Telefónica and China Unicom.
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