Telecom network operator Ooredoo today said it will be making investment in Machine-to-Machine (M2M) and Internet of Things (IoT) business.

Ooredoo has a roadmap for developing IoT services, including ongoing investment in delivering a global, cloud-based solution for customers. Revenue of Ooredoo was $9.1 billion in 2014. Global customer base of Ooredoo was 114.9 million as of 30 September 2015.

The company is silent about 5G network strategy.

Displaying its M2M and IoT portfolio for customers across its footprint at the 2016 Mobile World Congress (MWC) in Barcelona, Ooredoo CEO Saud bin Nasser Al Thani said: “Ooredoo sees huge potential for M2M technology in all our operations, as more enterprises look to deploy the power of the Internet of Things.”

Ooredoo is offering solutions such as Fleet Management in major markets, and has achieved success for its M2M Vehicle Telematics solution in Indonesia.

The telecom operator in the Middle East and Africa is offering solutions for B2B processes such as procurement, billing, charging, and B2C processes, such as retail for consumers. It is developing solutions for the monitoring of M2M traffic, online ordering and ticketing functions using the IoT Platform.

The cellular M2M market will grow to $11.50 billion by 2020 from $3.22 billion in 2015, driven in part by decreasing connectivity costs and increasing demand for solutions like fleet management. Enterprises in Southeast Asia and North Africa look for IoT solutions, Ooredoo said.

Ooredoo has tied up with telecom network operator Ericsson to expanded its IoT Connect, Managed Connectivity solution, for enterprises.

The IoT solution, which is available in Indonesia, Tunisia and Kuwait, provides control of IoT / M2M connectivity. Ooredoo has enhanced IoT Connect  to offer M2M connectivity to customers who want to operate in North Africa, Middle East and South East Asia.