Cologne, Germany. 8 June 2022 –1NCE reports that SoftBank Corp. has secured an equity stake in the company and signed an exclusive distribution deal covering the Asia-Pacific (APAC) region. SoftBank Corp., a Japanese communication and information technology service provider, will sell 1NCE IoT services exclusively in 19 APAC markets.
1NCE will open sales offices and technical operations in Singapore and Tokyo to expand its service capability to Australia, Bangladesh, Cambodia, China, India, Indonesia, Japan, Malaysia, Myanmar, Nepal, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam.
Since 2017, 1NCE has disrupted the IoT marketplace by providing flat rate connectivity for IoT sensors across the world for the lifetime of the device. 80% of IoT projects require multinational deployments, but few mobile network operators have the capability to meet these demands. 1NCE, in partnership with operators, now delivers fast, secure, and reliable connectivity and software to more than 110 countries, with plans to expand its footprint to more than 140 by the end of 2022.
“1NCE is the only company that can deliver true cross-border, future-proof IoT connectivity without uncertainty a perfect extension of SoftBank Corp.’s existing IoT portfolio,” says Daichi Nozaki, vice president, head of global business division, enterprise business unit at SoftBank Corp. “We’ve closely followed 1NCE’s strong U.S. launch earlier this year and expect the same explosive growth in the underserved APAC region.”
“With our existing Hong Kong office and with SoftBank Corp.’s support in establishing new offices in Singapore and Tokyo, we are supercharging the rollout of 1NCE’s lifetime, flat rate IoT in the region,” according to Alexander P. Sator, CEO at 1NCE. “And with multiple mobile network operators now invested in 1NCE, we have validation that we’re on the right track to become the global specialist in IoT connectivity and software.”
“Asia is by far the biggest market for cellular-connected IoT. According to the Transforma Insights TAM Forecast database, collectively the 19 countries covered by the cooperation accounted for 57% of cellular IoT annual shipments in 2021 and will represent more than half of the world’s cellular IoT connections for at least the next decade,” adds Matt Hatton of Transforma Insights.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
