Mobile virtual network providers promote competition and choice in mobile markets. Offering a breadth of specialized services and mobile connectivity increases for underserved populations, MVNOs expand access for less-accessible areas, typically with flexible pricing models that cater to specific customers’ needs.
In terms of connections, MVNOs have developed hand-in-hand relationships, at times, with those operating in the Internet of Things. With connectivity solutions aplenty for IoT devices, including low-power wide-area network (LPWAN) technologies like Narrowband IoT (NB-IoT) and LTE-M, MVNOs can provide cost-effective connectivity must-haves for IoT deployments. These are especially beneficial when considering inter-communicating IoT apps that require low data rates, longer battery life, and extended coverage.
Given such support can often prove indispensable, an announcement made earlier today by KORE Wireless Group is great news.
For nearly two decades, KORE’s experts have helped customers turn fragmented IoT offerings into compelling new services designed for simplicity and scalability. Besides simplifying bevies of IoT operations, KORE upgrades eSIMs for future-proofed multi-networked connectivity, and aids those interested in moving beyond 2G and 3G in order to accelerate IoT services.
So, the news:
This morning, KORE announced that it’d signed a deal to acquire the IoT division of the customer engagement platform and programmable communication tools company, Twilio.
The long story short? This is a big move from KORE; the acquisition of Twilio is a win for pure-play IoT, and a representative suggested that this will make KORE “an even more exciting top-line growth company” that will put it on the road towards “the world’s first IoT hyperscaler.”
“This is a meaningful step toward proliferating IoT and making it more accessible and successful,” said Romil Bahl, President and CEO at KORE. “This acquisition represents exactly the kind of investment we have said we are willing to make. We will certainly benefit from the world-class digital experience and developer community Twilio has built for its IoT business.”
Taylor Wolfe, Head of IoT at Twilio, is also all in on this decision.
“We’re just scratching the surface of the opportunities IoT can unlock,” Wolfe said, “and KORE has the right expertise, vision, and technology to expend the robust offerings our IoT team has built. KORE is definitely the right home for our IoT business, and we look forward to creating even more powerful business outcomes going forward.”
Edited by Greg Tavarez