Telstra Broadens It Horizons By Acquiring MTData To Boost Autonomous Car Business

Australian Telecommunications outfit Telstra inched closer towards its dream of producing Autonomous cars. The company acquired tracking and fleet management outfit MTData. According to Telstra, MTData currently provides compliance and safety solutions that improve productivity and reduce operating costs for customers, which it said would allow it accelerate the delivery of its enterprise connected vehicles offering.

“This is in line with our Internet of Things growth strategy, and leverages from investment in the IoT footprint on our mobile network, which is the largest in Australia and one of the largest in the world.

“This strategic acquisition will enable us to capitalise on the business-ready IoT capability on our network, deliver IoT solutions to our customers in the heavy vehicle industry, and supports a natural transition towards future autonomous vehicle technologies.”

By integrating with Telstra, MTData CEO and co-founder Matthew Bellizia said the company would be able to provide its customers with access to new and existing technologies, such as asset tracking and location data across the utilities, agriculture, and resources industries.

Telstra Broadens It Horizons By Acquiring MTData To Boost Autonomous Car Business

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