As part of its expansion into the European market, TH1NG begins a partnership with Valokuitunen in the Finnish market. The agreement gives Valokuitunen the exclusive right to resell his TH1NG’s IoT services to property owners in Finland for 18 months.
TH1NG and Valokuitunen have embarked on a unique collaboration, allowing Valokuitunen’s customers to access TH1NG’s IoT services.
Valokuitunen is a major player in the Finnish fiber optic market and is investing heavily in expanding its fiber optic network across Finland. Valokuitunen sells, builds and owns fiber networks nationwide, providing open networks to customers.
In addition to providing broadband and TV services, Valokuitunen is also working with TH1NG to sell IoT services to property owners. Examples of his relevant IoT services include individual water meters (IMDs), water leak detection in kitchens and wet areas, connected smoke detectors, and temperature monitoring.
– We are excited about the opportunity to collaborate with Valokuitunen and serve the Finnish real estate market with our IoT services. He said Finland is an interesting neighboring market and Valokuitunen’s strong sales force creates favorable conditions for increasing sales for the company. class westholm, CEO of TH1NG. This is consistent with the planned expansion to capture new market share, concludes Klas Westholm.
Commercial Director of Valokuitunen; fredric lylandersees great potential in developing services within open networks.
– This collaboration is a great opportunity for us and we believe there is a real demand for this kind of solution among our customers. We are pleased to have the opportunity to provide IoT services to our customers. This is a big advantage of open network solutions. The possibilities are endless!” says Fredrik Relander.
Valokuitunen, owned by CapMan Infra and Telia, is Finland’s largest open fiber provider. Currently, Valokuitunen’s network covers more than 270,000 of his households in Finland. Valokuitunen said he will raise around 400 million euros in funding in 2023 and will provide fiber access to more than 400,000 homes across Finland in the coming years.
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