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Smart home profitability may be elusive for telecoms, Desjardins says

| 09/17/2018 4:34 pm EDT

Global telecoms that have deployed internet of things (IoT) in the home are not seeing the desired profitability from their investments, suggesting those ventures in Canada may suffer a similar fate, according to a review by Desjardins Capital Markets. “While we expect Canadian telcos to be more vocal about the potential upside in home automation, until proven otherwise we believe profit for these companies will continue to originate mostly from selling actual telecommunication services (which remains very profitable, by the way),” Desjardins telecom analyst Maher Yaghi said in a Monday note. He explained that telecoms are trying to get customers to become reliant on their...