Bharti Airtel is in enhanced discussions with Verizon (the U.S. telecom giant) for a broad joint venture around IoT (Internet of Things). These talks come as the Indian telecom behemoth prepares extension plans for its enterprise business sooner than Reliance Jio’s much-anticipated commercial debut into the sector.
A spokesperson well known with the matter claimed to the media that the discussions with Verizon have been in progress for the last couple of months and a deal is anticipated to be inked by the mid-June. Both the companies are looking at leveraging their individual market expertise and sharing their personal IoT platforms.
Below the deal, global users of Verizon will be capable of deploying solutions on IoT platforms of Airtel as and when they have needs in India. In the same manner, Airtel users will have authorization to IoT platforms of Verizon, claimed the spokesperson. The joint venture, when finalized, will also offer Airtel authorization to large corporate user base of Verizon.
“With operation around the progress of connected devices and IoT ecosystem attaining speed, both firms may also join forces to roll out value-added offerings in the IoT sector,” claimed the spokesperson.
Airtel is already one of the biggest enterprise companies in the nation and vies with the likes of Vodafone, Tata Communications, and BSNL (Bharat Sanchar Nigam Ltd.). In addition, the new joint venture is anticipated to offer it with a huge boost to additionally consolidate its attendance. Reliance Jio has already began providing some enterprises offering on a pilot basis. Inside the market, IoT is anticipated to be the growth sector going forward.
On a similar note, Airtel recently launched Airtel Home, a digital quad-play platform. The new platform is a portion of Project Next, its digital innovation program, and seeks to ease users’ experience by packing various Airtel services within home.