The connected car concept is taking hold in the European market as three of the region's largest wireless operators-- Vodafone, Orange and Deutsche Telekom-- are taking the lead in developing new services.
Connected cars are one of the fastest growing segments of the broader machine-to-machine (M2M) and Internet of Things (IoT) sectors. Network operators and in-car telematics hardware producers are increasingly cashing in on a market that SNS Research forecasts could generate revenues of $40 billion (€36.2 billion) by 2020.
There are a host of ways to make money off of connected cars. The revenue streams will be generated by services including infotainment, navigation, fleet management, remote diagnostics, automatic crash notification, safety enhancements, usage based insurance (UBI), traffic management and-- ultimately-- autonomous driving. Despite that prediction, the term "connected car" remains something of a catch-all, making it hard to determine which companies are actually making money from the market in Europe today, or indeed what exactly a "connected" car actually is.
Du said an extended partnership deal with Vodafone will enable it to beef up the machine-to-machine (M2M) services it offers to businesses throughout the United Arab Emirates (UAE).
Vodafone has extended its partner market agreement with MTS in a move that will see the Vodafone brand used to sell mobile services in Ukraine for the first time.
Vodafone may have given up on asset-swap talks with Liberty Global for now, but the company is continuing its global strategy of offering fixed services within individual markets to drive additional revenue and make sure fickle users stay.
Vodafone UK said it has launched a new pilot scheme in partnership with rural pubs organisation, Pub is The Hub, to provide rural community pubs with indoor mobile coverage for the first time.
Vodafone Group confirmed this week that discussions with Liberty Global on a possible asset swap have ended. The question now is what lies ahead for the mobile giant, which has been pursuing a strategy of launching converged fixed and mobile services in key markets in order to secure new revenue streams as well as attract and-- importantly-- retain customers.
Vodafone said discussions with Liberty Global on a possible asset swap have ended, but analysts say a deal between the two companies still remains a "distinct possibility.
Music-streaming service Deezer has signalled its intention to list its shares on the Paris Euronext exchange after filing an IPO registration document with the French financial market authority (Autorité des marchés financiers or AMF) on Sept. 21.