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January 7, 2016
Verizon -- like key rival AT&T -- said Wednesday that smart cities are a key part of its long-term strategy for the Internet of Things (IoT).
"One portion of IoT that we're really excited about is smart cities. We've got a number of pilots out there, one with Savannah, Georgia, others that we'll talk about later this year," said Marni Walden EVP and president of product innovation and new businesses at Verizon Communications Inc. (NYSE: VZ) at the Citi 2016 Internet, Media And Telecommunications Conference in Las Vegas.
The operator is currently undertaking smaller utility monitoring and traffic control tests on the East and West Coasts respectively, Walden said.
Read more about Gigabit Cities and the expansion of gig services in our Gigabit Cities section here on Light Reading.
The race to be dominant in developing smart cities in the US has officially started. On Tuesday, AT&T Inc. (NYSE: T) said that it is working with the cities of Atlanta, Chicago and Dallas to implement smarter utility and traffic systems. (See AT&T Deal Puts 4G in 10 Million New Fords by 2020.)
Most of Verizon's IoT-related earnings are still derived from its long-standing telematics and fleet management business. "Through the fourth quarter it was a half a billion dollars [in revenues]," Walden told the conference.
Walden described the IoT and machine-to-machine (M2M) sectors as having "a ton of potential… but a long runway."
— Dan Jones, Mobile Editor, Light Reading
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.
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