STATEMENT: OQ Technology and o2 Telefónica join forces for global 5G IoT connectivity


STATEMENT: OQ Technology and o2 Telefónica join forces for global 5G IoT connectivity

LUXEMBOURG, Nov. 15, 2023 /PRNewswire/ -- OQ Technology, the first and fastest growing 5G IoT satellite operator, proudly announces the signing of a Memorandum of Understanding (MoU) with o2 Telefónica, marking the beginning of a new era of global IoT satellite connectivity.

Starting in the second quarter of 2024, o2 Telefónica will implement global 5G roaming, enabling the deployment of narrowband IoT (NB-IoT) solutions around the world. This collaboration provides businesses with reliable IoT services, even in areas that were previously inaccessible.

OQ Technology's satellite network integrates seamlessly with Telefónica IPX Cloud and Kite, o2 Telefónica's renowned IoT connectivity management platform, offering enterprise customers real-time SIM card monitoring and control on a global scale.

In collaboration with OQ Technology, o2 Telefónica offers a hybrid mobile satellite connectivity service, providing global IoT network coverage. Service data is transmitted securely to customers, requiring only a Service Level Agreement with o2 Telefónica.

Board Perspectives:

Omar Qaise, founder and CEO of OQ Technology: Expresses his satisfaction with the partnership with Telefónica, which marks a historic milestone and allows o2 Telefónica users to access 5G IoT roaming services globally.

Nikolaos Kalivianakis, Director of Business Solutions at o2 Telefónica: Highlights the potential of collaboration to improve efficiency and productivity through OQ Technology's global coverage and innovative satellite-based IoT connectivity.

New business opportunities:

Satellite connectivity unlocks IoT applications in areas where terrestrial networks face limitations. This includes connecting stationary IoT devices such as agricultural sensors in remote areas and facilitating IoT applications across the world's oceans.

New Service – Ready for IoT Data:

In early 2024, Telefónica's Kite platform introduces "IoT Data Ready", simplifying NB-IoT data processing and acting as a bridge to traditional IT systems.

More information about OQ Technology:

OQ Technology is the world's first and fastest growing 5G NTN IoT LEO satellite operator. The company has deployed NB-IoT connectivity via LEO satellites and is establishing a global constellation serving mobile operators and customers in sectors such as energy, mining, logistics, maritime and agriculture. The company's proprietary technology leverages the use of standardized 3GPP technology, connecting billions of users around the world and utilizing terrestrial and satellite networks.

More information about o2 Telefónica Business Solutions:

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