Telefonica, Masternaut Team on M2M

LONDON -- Telefónica and Masternaut have reached an agreement to jointly market telematics-enabled fleet management services that allow businesses to make dramatic cost savings, while delivering improvements in customer service and employee safety. Both Telefónica and Masternaut will share product roadmaps to create market-leading future products.

The agreement, which gives Telefónica’s professional teams access to Masternaut’s world leading telematics products and services, helps the company advance towards its goal of boosting revenue generation beyond connectivity. These M2M (machine to machine) products add incremental layers of value to customers in efficiency and sustainability, as they seek to gain competitive advantage.

According to the terms of the agreement, the two companies will market joint products designed to target the growing sustainable fleet market, where customers can benefit from fuel savings of up to 20% through driver behaviour management. This product suite enables businesses to grow thanks to increased competitive advantage through improved cost reduction, while ensuring service levels and strategic carbon emissions targets are maintained.

Telefónica UK Ltd.