Sponsored By

Sierra Wireless Buying IoT-Focused MVNOSierra Wireless Buying IoT-Focused MVNO

Sierra Wireless makes a move into the mobile network virtual operator market.

Dan Jones

June 25, 2015

1 Min Read
Sierra Wireless Buying IoT-Focused MVNO

Sierra Wireless is buying European mobile virtual network operator (MVNO) MobiquiThings to give its Internet of Things ambitions a boost.

Sierra Wireless Inc. (Nasdaq: SWIR; Toronto: SW) will pay €14 million (US$15.7 million) in cash for the operator with a perfomance-based bonus that extends through 2017. The deal is expected to close in August.

MobiquiThings is a French startup MVNO formed in 2010. MVNOs run over other operators' radio networks but handle their own customer service and back office interactions. MobiquiThings says it is particularly focused on enabling machine-to-machine (M2M) communications across many operator networks worldwide.

Want to know more about the Internet of Things? Check out our dedicated IoT content channel here on Light Reading. The basis of its IoT service is the "MobiquiSIM" global SIM card. It claims that the card is already supported by multiple operators across the globe. It says that it runs over 100 M2M fleets for customers. In 2015, MobiquiThings is expected to generate revenue of about €3 million and break-even adjusted EBITDA. Sierra Wireless already makes many of the radio modules made in M2M devices. This acquisition, however, will springboard the vendor into the MVNO space. — Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like