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Telefonica in 2.84bn Venezuela writedown

2015-02-17 01:00:00| Total Telecom industry news

Spanish incumbent switches to lower bolivar exchange rate, resulting in lower operating, net profit from local unit.

Telefonica, NTT, SK invest in French IoT company Sigfox

2015-02-11 09:05:00| Telecompaper Headlines

(Telecompaper) French IoT network company Sigfox has raised EUR 100 million from seven investors including Telefonica, NTT DoCoMo and SK Telecom, to help it build its networks in more countries, Reuters has learned. This will be the third investment round for Sigfox, founded in 2010. Other investors include French gas utility GDF Suez, Air Liquide and hedge fund Elliott Management. The investors have signed commercial agreements to use Sigfox's system. Sigfox's low bandwidth network covers France, Spain the Netherlands and 10 cities in the UK. It has several million connected objects, including in 5 million anti-intrusion alarms with Securitas Direct in Spain. Sigfox aims to be present in 60 countries by 2020, starting with the US, Latin America, Japan and South Korea. An announcement is expected later on 11 February.

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