US-based Semtech has completed its acquisition of Canada’s Sierra Wireless, in an all-cash deal first announced in August 2022 representing a total enterprise value of approximately USD1.2 billion. The transaction nearly doubles Semtech’s annual revenue and adds approximately USD100 million of ‘high-margin IoT Cloud services recurring revenues’, the buyer announced, highlighting that it expects the takeover to generate USD40 million of run rate operational synergies within twelve-to-18 months post close. Semtech CEO Mohan Maheswaran said: ‘Sierra Wireless brings nearly 30 years of leadership in cellular IoT and a strong and diverse device-to-Cloud IoT solutions portfolio. Combined with Semtech’s LoRa-enabled end nodes, we believe we are very well positioned to deliver a highly differentiated, end-to-end platform to enable the transformation to a smarter, more sustainable planet … Our combined company will have strong expertise in high bandwidth cellular connectivity, ultra-low power LoRa connectivity, IoT software and services, and extensive knowledge of IoT hardware and software channels and vertical markets. We believe that Semtech is uniquely positioned to deliver a strong product portfolio and service model to customers across high growth IoT segments.’ Former Sierra executives have joined the Semtech leadership team in two newly formed business groups; Tom Mueller as executive VP of the IoT System Products Group which includes Semtech’s existing LoRa products business; and Ross Gray as VP of the IoT Connected Services Group; while Pravin Desale joins Semtech as senior VP of IoT Engineering driving product development of new systems and solutions.
The Shanghai branch of China Telecom is partnering Adora Cruises to introduce a ‘world first’ 5G-connected cruise ship later this year, reports China Daily. Chen Ranfeng, MD of Adora’s parent CSSC Carnival Cruise Shipping, declared: ‘From network layout, satellite communication, to various digital applications, our goal is to deliver seamless multimedia interactions and consistent mobile connectivity for guests and crew … By seizing a first-mover advantage in the cruise industry’s 5G market, we hope to set a new standard for digital communication in the marine travel sector.’ Gong Bo, general manager of Shanghai Telecom, added: ‘Combining 5G and satellite technology, we will focus on network communication, digital high-definition, AR/VR and other content services to further improve our guest experience and jointly promote high-quality development of the tourism economy.’ The first 135,500-gross-ton Adora cruise ship is expected to enter service by end-2023.
Spain-based Sateliot announced that it has partnered IoT/asset tracking provider Sensefinity to provide global ‘5G IoT’ satellite connectivity initially for 1,000 smart shipping containers, utilising its IoT platform which it claims can save ‘medium shipping companies’ up to USD1.4 million in container maintenance and repair costs per annum. A press release adds: ‘With Sateliot’s full 5G NB-IoT satellite constellation, Sensefinity will be able to report location, temperature, humidity, vibration and container breach in near real-time, unlocking a set of high-impact use cases such as notifications when a container falls into the ocean, alerting for fires inside containers, warning for cold-chain breaks for sensitive cargo like food and medicines and reporting impacts and damages in containers.’
UK-based global IoT and mobile data specialist Cellhire disclosed that it provided over 5,000 secure mobile connections to teams, sponsors, media and other attendees at the FIFA World Cup Qatar 2022 in partnership with local mobile operator Ooredoo. Cellhire’s Tim Taylor said: ‘Our success in Qatar provides us with excellent momentum as we move towards the Women’s World Cup in Australia and New Zealand later this summer.’ Cellhire will provide similar services and connectivity at the Rugby World Cup France 2023 and the Paris 2024 Olympic and Paralympic Games in cooperation with long-standing partner Orange.
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