Swedish telco Telia has partnered Ericsson, Nokia and Intel to invest in joint development of the standard for Narrow Band-Internet of Things (NB-IoT), to serve the growing IoT market in Sweden, ahead of Telia’s planned commercial NB-IoT product launch ‘during 2017’. A Telia press release says that NB-IoT is an enhanced version of 4G and a step in the development of 5G. Its main characteristics are low cost of mobile devices, lower power consumption, low installation costs and better indoor and outdoor coverage. Mats Lundback, CTO at Telia Sweden, said: ‘The Swedish IoT market is growing rapidly, we expect an annual growth of about 17% over the next four years. We are now developing our networks … by focusing on standards that help companies and organisations to connect products and services. NB-IoT is such a standard and is particularly important because it makes it cheaper and easier to connect to the rapidly growing number of things that go into mobile networks.’
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