IoT News – IoT managed service providers connect more than 50 million cellular devices

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A new report from the IoT market research firm Berg Insight says that IoT managed service providers have more than 50 million IoT subscribers worldwide. In Europe and North America, these players hold a combined market share of 15–20 percent. Most IoT managed service providers operate as full MVNOs using their own core networks and platforms featuring connectivity management controls and other value-added services. A key differentiator for IoT managed service providers is the ability to aggregate multiple wireless wide area networks and thus provide superior area coverage, multi-domestic footprints and multi-technology connectivity on a single platform. Aeris and KORE…

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Victoria’s Secret secures Next chapter in deal saving 500 hundred jobs

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Next has agreed a deal that will resurrect Victoria’s Secret UK and save 500 jobs. The fashion-to-homeware retailer is to take a majority 51% stake in a joint venture with US-owned Victoria’s Secret after the lingerie firm’s UK arm was placed in administration in June following weak coronavirus lockdown trading that forced all non-essential stores to shut. L Brands, the company behind Victoria’s Secret, agreed the deal following a bid process led by administrators which attracted interest from dozens of parties including M&S. It was revealed back in July that Next had been granted a period of exclusivity to secure…

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