European Communications

Last update12:42:18 PM

Telefonica and Avea agree M2M deal

Telefonica is set to explore new business opportunities in the machine-to-machine (M2M) sector, it has revealed.

Telefonica Digital has teamed up with Turkish mobile network Avea in a deal that encompasses the development of technology, sales and marketing.

The pair will aim to maximise cost efficiency as part of the deal and could boost their incomes as they explore new markets. They will join forces to devise marketing and market analysis strategies and seek to offer solutions in different parts of the world by producing a universal SIM card.

The companies will also cooperate in the development of services in transportation, smart cities, home automation, energy efficiency, mobile healthcare and industry. They will aim to jointly promote open standards and the interoperability of M2M systems across the world.

Carlos Morales, Telefonica Digital's M2M director, said: "There is a huge potential behind the M2M business. This cooperation with Avea will help us in further developing novel vertical solutions and widen our coverage."