August 20, 2019 – Optus Business has entered into an agreement with Myriota, the global leader in nanosatellite Internet of Things (IoT), with a view to providing remote and regional connectivity for IoT devices and applications. An Australian first, the major telco-nanosatellite provider agreement will bring together Optus’ premium national networks and digital enablement capabilities with Myriota’s direct-to-orbit technology to allow for massive scale, low-cost communications for IoT devices across remote Australian geographies. The arrangement will offer low-cost, long battery life connectivity for millions of devices across multiple industries. The devices will allow companies to track assets across Australia, even in the most remote areas. The two companies have a shared history, with 2018 seeing Myriota secure US$15 million in Series A funding from companies including Singtel Innov8; the venture capital arm of Optus’ parent company Singtel.