Market Insight

KORE acquisition of Wyless a sign of things to come for IoT MVNOs

March 09, 2016  | Subscribers Only

Sam Lucero Sam Lucero Senior Principal Analyst, IoT Platforms
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KORE, a leading IoT MVNO, announced on 9 March 2016 its intent to acquire rival IoT MVNO Wyless PLC. The primary strategic rationale for the acquisition is to increase the scale of the combined company. The direct operator competition in the retail provisioning of IoT connectivity has pushed many “pure-play” IoT MVNOs into the arms of acquirers over the past several years. Looking ahead, it is certain more acquisitions of pure play IoT MVNOs will take place.

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