Vodafone Idea climbs 2% as telecom company forays into IoT space

NEW DELHI: Vodafone Idea shares climbed over 2 per cent on Friday after the telecom company announced a foray into integrated Internet of Things (IoT) for its enterprises segment, as it looks to transform itself from a traditional connectivity service provider to a technology company.

“With this industry first initiative, VIL has become the only telecom company in India to offer a secure end-to-end IoT solution offering that comprises connectivity, hardware, network, application, analyt ..

The company wants to get into three specific fields. The first will be the IoT and integrated space, the second on collaboration, which includes a host of SaaS (software as a service), and the third will be cloud services.

“From being a traditional connectivity player, we will be connectivity plus collaboration plus IoT and integrated IoT and a cloud platform,” Kishore said at a virtual conference.

The company announced the launch of IoT solutions that can track the performance ..

Source :The Economic Times
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