Telstra has announced the acquisition of Australian-owned MTData, a leading provider of GPS and telematics fleet management solutions to help drive IoT growth in Australia and internationally.
The acquisition will provide Telstra with the technical capability and software expertise necessary to help fast track its Enterprise Connected Vehicle offering as part of its growing business-ready Internet of Things (IoT) ecosystem.
The MTData acquisition provides Telstra with advanced technology and deep domain expertise in Connected Vehicle solutions. This is in line with its IoT growth strategy and leverages from investment in the IoT footprint on our mobile network, which is the largest in Australia and one of the largest in the world.
The acquisition will enable Telstra to capitalise on the business ready IoT capability on our network, deliver IoT solutions to our customers in the heavy vehicle industry and supports a natural transition towards future autonomous vehicle technologies.
Telstra said it has carved out several core areas of capability to support the growing customer demand for IoT solutions, including Connected Vehicles, asset tracking and location insights in the utilities, agriculture and resources industries.