June 23 - 10:06
13D
Deutsche Telekom spins out IoT business to "accelerate market entry"
Deutsche Telekom has spun out its IoT operations into an independent business, a move it says is designed to accelerate its market entry. In a statement, the company noted that IoT competitors are particularly agile and have lean decision-making structures. "The independent Deutsche Telekom IoT GmbH (DT IoT) is intended to strengthen Deutsche Telekom's position in this growth market," it added.
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