AT&T, Nokia partner to accelerate global IoT deployments
Leading US telecommunications firm AT&T and Finland-based Nokia have partnered up to accelerate the global deployment of IoT solutions, collaborating to develop and deploy next generation services.
The agreement will see AT&T utilising Nokia’s Worldwide IoT Network Grid (WING) to offer the company’s the enterprise customers access to the Nokia’s global IoT ecosystem across a range of industries, from health, to manufacturing, to retail.
“This collaboration proves our commitment to the global IoT market, providing seamless connectivity across geographical borders and technologies,” said Sanjay Goel, President of Global Services at Nokia.
AT&T plans to leverage its own cloud-based Multi-Network Connect platform to simplify its use of Nokia WING, allowing for the management of IoT devices across multiple cellular and satellite networks, operators and regions.
“Our work with Nokia WING will help clear away the complexity of large-scale IoT adoption so that our customers can unlock the potential of IoT worldwide,” said Chris Penrose, President, Internet of Things Solutions, AT&T.
“Boosted by Nokia's globally deployed 'one-stop shop' network technology, we can be more nimble and responsive to our customers' needs.”
Commercial deployment is expected to begin next year, with the companies forecasting that WING’s core network assets will be available across 20 countries by Q1 2020.
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
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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.