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Wireless

GM sees USD 350 mln in profit from LTE service

Thursday 2 April 2015 | 09:20 CET | News
General Motors will generate USD 350 million in improved profit over the three years to 2018 from its roll-out of LTE mobile broadband in its cars and trucks, the automaker's chief financial officer said. Chuck Stevens, speaking at a Bank of America Merrill Lynch conference, called GM's OnStar LTE connection an "untapped, under-appreciated opportunity", Reuters reports. GM has launched 4G in more than 30 of its 2015-model vehicles in North America and expects all 2016 models to have that capability, Stevens said. Future plans call for its roll-out in overseas markets. In the US, the service

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Categories: Mobile & Wireless
Companies: Onstar
Countries: United States
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