Nokia signs contract with TIM Brazil to launch IoT offer

Nokia has signed a contract with telecommunications giant TIM to provide Internet of Things (IoT) services to its enterprise customers in Brazil.Using the fully virtualized Nokia Worldwide IoT Network Grid (WING) managed service offer, TIM and its enterprise customers across industries,such as automotive and agriculture, will be able to capture IoT opportunities faster and more securely.The Brazilian market is the largest IoT market in Latin America, with widespread adoption of IoT technologies estimated to add USD 200 billion to the country’s economy by 2025. Nokia’s first WING deal in Latin America enables TIM to leverage new business models to tap this opportunity and generate additional revenue streams. Additionally, incremental services, such as device management and analytics, will help TIM extend SIM management capabilities to create value added opportunities.