Verizon (NYSE: VZ) (NASDAQ: VZ) and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), have partnered in a joint initiative to drive innovation, productivity and value for businesses, consumers and citizens enabled by the Internet of Things (IoT), the companies said.
To deliver the next-generation of IoT products and services requiring low power and low bandwidth, Verizon will pre-integrate its ThingSpace IoT platform as-a-service within Qualcomm Technologies´ MDM9206 Category M (Cat M1) LTE modem.
The initiative utilizes Verizon´s 4G LTE network as the gateway for simplifying the process of building, deploying and managing IoT applications customized for a wide-range of use cases.
Qualcomm Incorporated provides 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated, operates Qualcomm´s engineering, research and development functions.
Verizon Communications Inc. generated nearly USD132 billion in 2015 revenues. Verizon provides communications and entertainment services over mobile broadband and an all-fiber network.