Helium Is Rapidly Deploying a Global LPWAN Network, Attracting Investment from European Telecom Players

This IDC market note discusses the recent announcement by Nova Labs, the company behind the Helium Network, that it had closed a new round of funding that valued the company at $1.2 billion and included notable European telecom-industry players Deutsche Telekom, Nokia and Liberty Global. The Helium Network is a global LoRaWAN network currently comprising more than 700,000 access points that uses cryptocurrency rewards to incentivize individuals to deploy network coverage.

Executive Snapshot

In This Market Note

IDC's Point of View

• The Success of an Innovative Approach
• The Telecom Industry Left an Opening for Alternatives
• The Telecom Industry's LPWAN Approach
• LoRaWAN Persists
• Helium and LoRaWAN Roaming
• Helium Versus Telcos
• Similarities to Consumer IoT Connectivity Offers from Apple and Amazon
• Telcos Are Hedging Their Bets
• Advice for Telecom Players

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• Synopsis