China Mobile invests $300m in IoT push

The world’s largest telco by subscriber numbers, China Mobile, is set to subsidize IoT equipment manufacturers. Telecoms operator China Mobile is to plough £300 million into subsidizing IoT makers as part of a push to build one of the largest IoT networks in the world. According to a report in China Daily, half of the money will finance companies making NB-IoT modules, the rest will go to 4G IoT module makers, said Li Yue, president of China Mobile. The subsidy should make IoT devices cheaper and increase adoption, said Li…

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