AT&T to launch NB-IoT network in US, Mexico in 2019
US telecommunications company AT&T has announced that it will be looking to successfully launch its own narrowband internet of things (NB-IoT) network within the US early next year, later followed by a second launch across Mexico.
AT&T will look to use the NB-IoT network to meet the needs of its enterprise customers that request a range of IoT solutions, complementing its existing LTE-M network, both of which are considered to be low-power wide-area (LPWA) technologies.
NB-IoT is suited to meeting more basic IoT requirements, whilst LTE-M allows for more complex capabilities such as software updates and mobility.
“Adding NB-IoT to our portfolio will expand our LPWA capabilities, help drive investment in our evolution to 5G and support our customers as they deploy IoT solutions across the US and Mexico,” said Chris Penrose, President, IoT Solutions, AT&T.
Further, both of AT&T’s NB-IoT and LTE-M technologies will be made future proof in order to maintain the telecommunications industry’s rising IoT standards.
“The introduction of NB-IoT and LTE-M dual-mode chipsets and modules means customers can support a wide range of applications globally,” said AT&T.
According GSMA, as cited by AT&T, 24 mobile operators have already launched a total of 48 mobile IoT networks globally, with an expectation that there will be 1.8bn LPWA connections by 2025.
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.