Rise of the machines will drive telcos’ new growth

Planes, trains and other machines connected to the internet via mobile networks will be the next vital source of revenue growth for telecommunications companies such as Telstra and SingTel-Optus, new research by Bank of America Merrill Lynch shows.Machine-to-machine (M2M) communications involve anything from eftpos machines and smart meters that track energy use, to cars and shipping containers connected to the internet.

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