AT&T Inc. (NYSE:T) and Telefonica S.A. (ADR) (NYSE:TEF) revealed on late Monday that the Spanish carrier has licensed the American carrier’s “Digital Life” connected home technology for limited trials in Europe.
AT&T Inc. (NYSE:T) licensing its home automation technologies to Telefonica S.A. (ADR) (NYSE:TEF) marks the first ever tie up between the American company and a European company for the deployment of the platform. “Digital Life” was launched by the U.S. telecommunications company last year.
“Telefónica is making the right move at the right time here to be an industry leader, because the connected home industry is growing quickly. The collaboration between Telefónica and AT&T gives OEMs and developers another channel to extend new services to global markets,” said Kevin Petersen, President, AT&T Digital Life, in a statement.
The AT&T Inc. (NYSE:T) executive went on to praise his company’s technology which features internet protocol-based, all wireless, home security, smart automation and energy management solution, saying that it excels in security, ease-of-use and openness to third-party development. With Digital Life, users can control their home’s security, automation and energy efficiency via an application that is available on smartphones.
“We want our customers to have access to the best selection of digital products and services, and we believe that connected home services will provide consumers with greater convenience, control, and peace of mind,” said Michael Duncan, Telefonica S.A. (ADR) (NYSE:TEF) Chief Marketing Officer, in a statement.
According to Reuters, Telefonica S.A. (ADR) (NYSE:TEF) spokesperson Steven Bartholomew said that their company will be offering a trial of the AT&T Inc. (NYSE:T) home automation system to customers for three to six months. After this trial period, Telefonica S.A. (ADR) (NYSE:TEF) will evaluate and decide how to proceed.
Adage Capital Management managed by Phill Gross and Robert Atchinson is a hedge fund with a substantial stake in AT&T Inc. (NYSE:T). The firm reported about 5.54 million shares in the U.S. carrier by the end of the first half of the year.
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