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Verizon Wireless and Qualcomm Announce Joint Venture to Provide Advanced M2M Solutions.

Publication: Electronics Newsweekly
Publication Date: 12-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Qualcomm Incorporated (NASDAQ:QCOM) and Verizon Wireless announced an agreement to form a joint venture to provide machine-to-machine (M2M) wireless communications and smart services offerings across a wide variety of market segments, including healthcare, manufacturing, utilities, distribution and consumer products. Capitalizing on the growth of M2M and smart services, the joint venture (name still to be determined), which will be equally owned by Qualcomm and Verizon Wireless, will be well positioned to provide a single source for end-to-end M2M solutions.

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