Vodacom’s "surprising" valuation of IoT.nxt analysed

[Jamie McKane]

Vodacom’s "surprising" valuation of IoT.nxt analysed

Vodacom announced in May 2019 that it had reached an agreement to acquire a majority stake in IoT.nxt - a transaction which was concluded on 23 August 2019.

Vodacom said this acquisition would accelerate its Internet of Things (IoT) strategy and transform its dedicated IoT business unit.

 

[alternate]

vapourware

 

[richjdavies]

Hilarious.
Would love to get an 33X Run-Rate revenue deal for our little IoT business... and we (sorta) make profit

(2000m / (5.5m*12))

 

[jackshiels]

IoT is big news, and the possibilities are very broad. They may be onto something.

Vodacom is also pushing hard into NB-IoT. It's a part of their long-term strategy goals.

 

[GhostSixFour]

Now you can send a "please buy me milk" or a "please call me" to someones fridge.

I'm gonna tweet this to vodacom and demand billions when they implement it.