Telefónica and Huawei join forces to develop the Smart Home category in Latin America
Mobile World Congress, Barcelona, February 24, 2016.- Telefónica announced today it is joining forces with Huawei to develop the Smart Home category in Latin America. Using Huawei´s cloud based platform and a jointly designed exclusive user experience, Telefónica will provide their Latin American customers with an innovative Smart Home experience, becoming the first telco to offer these services in the region. This collaboration strengthens the operator commitment to bringing the latest technology to their customers, going along with them in its discovery and use.
Huawei´s Smart Home platform is a cloud-based solution that will allow Telefónica to rapidly deploy an end to end smart home solution in multiple Latin American markets. This best-in-class platform follows the highest standards in terms of security and reliability and it is designed as an open and rich ecosystem, in which OEMs and relevant players in the IoT arena can be integrated and become part of a strong smart home proposition, extending their market reach.
“We aim to deliver a really unique and easy to use smart home experience. Through their smartphone, our customers will be able to check what is going at their homes when they are away and interact with a variety of connected and smart devices. We believe this service will help our customers in their daily routines, providing them with greater convenience, peace of mind and closeness to their homes and families” said Michael Duncan, Telefónica Group CEO of the Consumer Unit. “Huawei is a trusted Telefonica partner with a deep understanding of Latin American markets and they will be a great support to deliver to our customers the experience we are aiming for”
Haixu Ma, president of Core Network of Huawei commented: “The Smart Home category will become a new growth point of operators and other players in the era of ICT. We are sure Huawei’s Smart Home platform will provide with a differential experience to Telefonica’s customers. We have been working together with Telefonica in the region for many years, and joining forces to explore this new category is a natural move for both companies.”
According to Strategy Analytics, more than 245 million households worldwide will have some sort of smart home product or service by 2020. Telefonica is committed to making this space bloom in Latin America helping their customers take control of their digital life. “Latin America is fertile ground to develop a robust smart home market,” stated Bill Ablondi, director of Strategy Analytics’ Smart Home Research. “There has been growing progress in smart home activity in the region and we expect to see 15 to 16 million households there with smart home solutions by 2020 and annual spending reaching $7 to $8 billion by then.”
Telefonica and Huawei have already started their first trial of this proposition and are aiming to start to launch commercially in the region during 2016.
Telefónica is one of the largest telecommunications companies in the world in terms of market capitalisation and number of customers. With its best in class mobile, fixed and broadband networks, and innovative portfolio of digital solutions, Telefónica is transforming itself into a ‘Digital Telco’, a company that will be even better placed to meet the needs of its customers and capture new revenue growth.
The company has a significant presence in 21 countries and a customer base of over 327 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.
Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4.864.341. 251 ordinary shares traded on the Spanish Stock Market and on those in London, New York, Lima, and Buenos Aires.
Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to enrich life and improve efficiency through a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei’s 170,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers. Our innovative ICT solutions, products and services are used in more than 170 countries and regions, serving over one-third of the world’s population. Founded in 1987, Huawei is a private company fully owned by its employees.