Vodacom acquires stake in IoT.nxt

14 May 2019 Thabiso Mochiko Vodacom Group has bought a 51% stake in IoT.nxt to accelerate its Internet of Things (IoT) strategy. IoT refers to networks of physical devices that use sensors to connect and transfer data over the internet. In the year to March, Vodacom’s...

Vodacom acquires 51% of SA startup IoT.nxt

Staff reporter 15 May 2019 Vodacom has reached an agreement to acquire a majority stake in SA Internet of Things (IoT) startup IoT.nxt. While neither Vodacom or IoT.nxt have disclosed the amount the telco paid to acquire a majority stake in the startup, it’s likely to...