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[FET] Far EasTone launches NB-IoT service, targets 7,000 business subscribers

Post Date 2017.11.29From:Telecompaper

Taiwanese operator Far EasTone Telecommunications (FET) has introduced NB-IoT services on the local market. The company plans to increase its Narrowband-Internet of Things (NB-IoT) enterprise subscriber base to 7,000 within three years of the commercial launch, Taipei Times reports. By 2020, Far EasTone expects the new NB-IoT business to contribute more than TWD 1.2 billion (approximately USD 40 million) in revenue.
“After two years of trying to find the right business model to run an NB-IoT business, Far EasTone has found its own way”, said Far EasTone president Yvonne Li. Far EasTone will provide its IoT services primarily on the NB-IoT network, Li said. FET’s NB-IoT coverage is currently limited to the Greater Taipei area and the industrial area in Taoyuan, but Far EasTone is accelerating the base station installation, and plans to complete the deployment of 8,000 in the second quarter of 2018.

Initially, FET plans to launch government-related NB-IoT applications such as traffic safety control and ‘smart’ street lamps, which are likely to undergo the fastest growth, Far EasTone VP Philip Tseng (曾詩淵) said. Smart manufacturing is another segment with tremendous growth potential, Tseng said. “Taiwan will see explosive growth in NB-IoT next year after the cost of installing IoT devices drops to the sweet spot”, Tseng said. The cost is expected to decline to USD 5 per unit in 2018, he added.

FET is providing its NB-IoT service in cooperation with equipment supplier Ericsson, electric scooter manufacturer Gogoro, and power management unit supplier Delta Electronics