Verizon Communications' appetite is quite omnivorous this year. This morning they announced the acquisition of Fleetmatics Group for some $2.4B in cash.
Fleetmatics offers SaaS-based products that help companies keep track of increasingly mobile assets and employees and their needs and usage. Verizon will combine the assets with its own Telematics group as well as those of Telogis, which they just closed the purchase of last week.
Verizon's biggest move recently was the planned acquisition of Yahoo, adding to its content and advertising business along with AOL. And there's also the purchase of XO still working its way through the regulators. That's telematics, content, and fiber/data so far this year -- everything but mobile, which regulators think they're too big already in of course.
Meanwhile, they've been steadily selling off landline ILEC assets. The combined picture is a dramatic shift from what we used to think of Verizon as in the past -- except for the union strikes and such.
What next, more content, IoT, or fiber? I'm going to go with more on the telematics/IoT/mobile management front.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: ILECs, PTTs · IoT, M2M · Mergers and Acquisitions