Telefónica and China Unicom Extend Partnership to M2M

Telefónica and China Unicom signed a strategic agreement to promote the development of M2M and the Internet of Things in a global scope. This extends the existing strategic partnership between the carriers, which already covers areas such as purchasing, mobile services platforms, services for multinationals, wholesale services, roaming or technology. The alliance also includes a share exchanging agreement between both parties and reciprocal representation at the Company's Board's, as well as a strategic alignment to exploit the combined scale of both Telefónica and China Unicom. http://www.telefonica.com