Telenor establishes smart building subsidiary in Norway
Telenor’s Bldng.ai focused on IoT software and hardware for building management
Norway-based telecoms group Telenor announced the creation of a new smart building subsidiary Bldng.ai as part of its plan to become the largest provider in Norway’s smart building market.
The subsidiary, to be led by the company’s current Head of Smart Buildings Steffan Phillip Thorvaldsen, will provide a platform for customers through which property owners and tenants will gain better control of their IoT network and will offer both software and physical infrastructure solutions, as well as any related services.
Helping customers deploy and manage IoT devices and connections inside their facilities represents a huge opportunity for telecoms service providers. In fact, according to RG Reports Globe the global smart building market is expected to be a $79 billion opportunity by 2025.
Almost as if setting the stage for this most recent smart building development, Telenor last week, announced that it has reorganized its regional and international IoT portfolios under a single brand moniker, Telenor IoT, in order to synchronize product development, improve technical support and “accelerate the customer facing business.”
“The new operating model reinforces our competitive edge for the 5G era and makes our product portfolio easier to buy for any customer searching for world class IoT operation and platform capabilities. We are also getting scale benefits on new technology investments,” Mats Lundquist, chief executive at Telenor Connexion and manager of Telenor IoT, commented.