News

Wednesday 23 July 2014

Vodafone expands into car electronics with Italian deal

Published 16/06/2014|07:57

  • Share
The Vodafone logo is seen at the counter of the shop in Prague February 7, 2012. REUTERS/David W Cerny
The Vodafone logo is seen at the counter of the shop in Prague February 7, 2012. REUTERS/David W Cerny

Vodafone has agreed to buy an Italian provider of electronics services to the car industry for €145m as part of its strategy to start connecting devices such as cars and other machines.

  • Share
  • Go To

The British company said it had agreed to buy Cobra Automotive Technologies, a provider of security, telecommunications and vehicle tracking.

Vodafone, like other mobile operators, is looking to expand into the so-called machine-to-machine industry to connect millions of devices, as a new source of revenue.

Read More

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Editors Choice

Also in Business