Sep 28, 2020, 14:08 EST
Bronx, United States, Sep 28, 2020, 14:08 /Comserve / -- Australia’s leading telecommunications company, Optus has chosen Nokia's IMPACT Internet of Things (IoT) platform to provide its consumers with access to device management and data collection capacity.
Sydney, Australia, September 26, 2020: Australia’s leading telecommunications company, Optus has chosen Nokia's IMPACT Internet of Things (IoT) platform to provide its consumers with access to device management and data collection capacity. Both businesses have settled on a shared business plan to offer IoT solutions to the customers of Optus across various sectors of the Australian industry.
The state-of-the-art IoT Device Management Platform of Nokia would allow the leading Australian-based company to deliver its consumers with easy access to Narrow Band-IoT device data from low-power devices, and remote device control on a certain scale. This can be achieved independently, regardless of the device type. Nokia and Optus will partner together to help build smart cities and serve business customers across multiple sectors, including utilities, mining, and transportation.
The Vice-President of Product Innovation at Optus Business, Deon Liebenberg, is excited about the strategic alliance with Nokia. He believes that the partnership will help to standardize and streamline the IoT devices on a single platform and unleash powerful tools to leverage Australia’s digital transformation and its smart cities in the near future.
As per the reports, the IoT market in Australia is expected to rise to USD 25 billion by 2024, from USD 7.9 billion in 2018, signaling Optus and Nokia’s future opportunities. The expected industry applications include cost-effective waste control, logistics management, supply chain optimization, and field research for enhanced safety and protection.
The partnership draws on Nokia's long-standing relationship with Optus. Nokia functions in collaboration with the operator to control and manage the network infrastructure. The two firms unveiled Australia's first 5G commercial networks in early 2019, making Optus the world's first provider to introduce Nokia's FastMile 5G indoor portal to a live network. Additionally, Nokia and Optus have successfully introduced a 5G Fixed Wireless Access service using the 5G New Radio standard.
In its latest financial statement, Nokia reported net sales of EUR 5,092 million during 2Q 2020 as compared to the previous year’s net sales of the same period which was EUR 5,694 million, a decline by 11% Y-o-Y. Moreover, the gross profit during 2Q 2020 was EUR 2,006 million, a slight decline by 3% Y-o-Y, as compared to the previous year which was EUR 2,065 million. The company’s operation was severely affected due to the COVID-19 outbreak.
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