China Telecom and Bridge Alliance sign IoT business partnership agreement
China’s state-owned telecommunication company, China Telecom, has signed agreement with Singapore’s Bridge alliance that will see China Telecom providing internet of things (IoT) and machine to machine (M2M) services to Bridge Alliance customers.
“We are excited to join Bridge Alliance as a business partner,” said Mr Deng Xiao Feng, Managing Director of Global Business Department of China Telecom. “With the supporting common platform and the business opportunities across these different regions, we are confident this partnership will be a mutually beneficial and win-win business collaboration.”
The partnership comes at a popular time for IoT solutions in the Asia Pacific (APAC), a region, that Bridge Alliance is best positioned to provide enterprise mobility services to, according to Analysts at Mason.
The International Data Corporation predicts that the APAC region, excluding Japan, will exceed $455bn in IoT expenditure in 2021 – forecasting it as the leading region for investment.
“We are pleased and excited about this partnership with China Telecom,” said Ms Eileen Tan, CEO of Bridge Alliance. “With the growing China market, the addition of China Telecom to Bridge Alliance’s network of partners will certainly bolster our position to serve our global enterprise customers better.”