You are here

Verizon's car-tracking foray could spur more deals

Thursday, August 11, 2016 - 05:50
BT_20160811_NAHVERIZON11NLB3_2430975.jpg
After buying Fleetmatics and Telogis, Verizon could be on the lookout for a security or software technology firm to pair with its data-heavy automotive technology business, analysts say.

New York

VERIZON Communications Inc's recent purchases of two vehicle-tracking firms could spark more deals as the No 1 wireless provider and rival AT&T sees fleet management as a source of growth, analysts said.

Faced with a saturated wireless market, several telecom companies