Nokia Networks has signed an agreement with Brazilian operator, Oi to set up Latin America’s first LTE Internet-of-Things(IoT) lab that will bring together expertise in the IoT domain, providing innovative LTE-based solutions to enable machine-to-machine communications in Brazil. Apart from the lab, both companies will be creating a working group to study solutions and opportunities in IoT, develop joint projects and test innovative solutions.
The investments in innovation will be supported by a fund that will finance projects within IoT verticals such as agribusiness, connected cars, homes and smart cities and e-health. Expected to open in the first quarter of 2016 in Rio de Janeiro, the lab will bring advanced Cellular IoT solutions to the market to meet the connectivity needs of future communication systems, said Nokia Networks.
Both companies will also promote knowledge sharing and joint research with universities and local R&D institutes to drive an open IoT ecosystem.