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Wireless

Sigfox lifts FY revenues to EUR 60 mln, mulls options to fund 5-yr plan

Wednesday 20 February 2019 | 22:40 CET | News
Sigfox said that revenues rose to EUR 60 million last year, up from 50 million in 2017. The growth rate eased to 20 percent (+56% in 2017), below the level indicated by CEO Ludovic Le Moan when he spoke to Les Echos in February 2018. The operator's footprint increased in line with expectations, expanding to 60 countries and reaching a coverage milestone of 1 billion people. Sigfox also met the target set for the number of objects connected to its IoT network, which rose 148 percent to 6.2 million. Full-year revenues generated by connected objects jumped to EUR 12 million from 5 million in

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Sigfox
Countries: World
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