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  • 11.15.16

Verizon continues IoT investment spree, buying LQD WiFi 

IoT has become a major priority for Verizon, which sees potential for growth in layering services for connected devices over its network infrastructure. To that end, the telecom giant yesterday acquired LQD WiFi, a New York-based startup that makes kiosk systems for “smart” cities. 

Kiosks providing Wi-Fi and neighborhood information have become popular with city planners, who see the systems as a way to provide internet access and engage with residents. Verizon’s other investments in urban IoT infrastructure include devices and services for lighting, security, and traffic management. AH