Today we’re announcing a new $100 million deal with Intellihub that will see us provide up to 4.1 million Internet of Things (IoT) SIMs to Intellihub over the next decade.
It’s our largest ever IoT deal in terms of value and the number of connected devices and will connect Intellihub and its customers to our IoT network – Australia’s largest.
The IoT SIMs will be incorporated into Intellihub’s smart meters to deliver real-time monitoring and insights to help Intellihub and its customers better manage things like energy demand, solar feed-ins and peaks and troughs.
This solution demonstrates the power of Telstra IoT in finding real-world solutions and will enable Intellihub’s smart meters to get even smarter, providing Intellihub and its customers with deeper, real-time insights to manage the different elements of the energy network.
Intellihub was founded four years ago and has grown significantly with more than 1 million meters installed and around 1000 new meters going in every day. Our IoT SIM will be soldered into each device at the point of manufacture.
The deal also provides Intellihub with price certainty for the next 10 years – key for its next phase of growth.
We’ve already hit the ground running with around half a million Intellihub smart meters connected to our IoT network so far.
Australia’s largest IoT network
The deal comes at an exciting time for us, with more than five million devices now connected to our IoT network. The importance of IoT continues to grow with more than 50,000 devices being connected to our IoT network every month and, as of today, around 1.2 million devices are connected to a Telstra LPWAN.
Leveraging our mobile network infrastructure, our Cellular Low Power Wide Area Networks (Cellular LPWANs) are built specifically for scaled IoT deployments to provide better, cost-efficient coverage.
We have the largest IoT network in Australia – around four million square kilometres of NB-IoT coverage and around three million square kilometres of LTE-M coverage. These networks are built specifically for scaled IoT deployments and provide better, cost efficient coverage even in challenging locations that high bandwidth technologies may not reach, including underground where digital meters are often located.
IoT connects everything from vehicles to machines, infrastructure, smart meters, buildings, connected vehicles, solar panels, humidity sensors, traffic cones, buses, whitegoods and garbage trucks, delivering insights and tools that previously weren’t possible.
Connected technologies, such as our IoT deal with Intellihub, are helping organisations use connected technology to drive positive customer experiences and help remotely monitor their network, equipment and assets.