In tandem with long-standing rival AT&T, Verizon Communications sees the smart city concept as a key component in the development of the Internet of Things (IoT). “One portion of IoT that we’re really excited about is smart cities. We’ve got a number of pilots out there, one with Savannah, Georgia, others that we’ll talk about later this year,” noted Marni Walden, Verizon’s EVP and president of product innovation and new businesses.
As of today, Verizon is holding smaller-scale utility monitoring and traffic control tests across the U.S. However, things are heating up quickly within this area. AT&T is currently working holding trials in Atlanta and Dallas in the same space, while also forging partnerships with companies like Ford. With all this movement in the sector, it’s obvious that both companies see IoT and machine-to-machine (M2M) networking as an important, if slow developing, market.