Investors rescue Sigfox IoT network in South Africa.
Major companies in SA, including Discovery and Fidelity ADT, have banded together to save the Sigfox internet of things network. This comes a year after Remgro’s CIVH effectively pulled the plug on Sigfox operator SqwidNet, citing weak customer demand. But the network could not be allowed to fail considering its importance to many corporate customers. “There is a minimum of one million connected devices committed to this network in the foreseeable future,” the company said, which is keeping the door open to more potential investors.