The stock of Sprint Corp (NYSE:S) closed at $7.74 losing 2.89% in yesterday’s trading session. This provider’s newly created position of senior vice president of IoT will be filled by Ivo Rook, a seasoned Internet of Things (IoT) executive. Sprint made this announcement today and it expressed optimism that the official will do a remarkable job towards enhancing its IoT business.
As a strategic advisor, the official is expected to help both Sprint and Softbank come up with better plans and strategies that will help the two generate higher revenues.
The official worked with Vodafone for seven years where he served as the chief executive officer of the provider’s IoT Business. In that particular capacity, the official will lead Vodafone’s IoT strategy, driving its growth, operations, products, and profit and loss around the world.
The president of Sprint Business, Jan Geldmacher opined “We’re very excited to have someone of Ivo’s caliber and expertise lead our IoT organization. He brings a wealth of experience to Sprint including organizational leadership, sales success and the ability to develop end-to-end product and marketing strategy that leads to sustained growth for companies.”
Rook will be heading a body of world-class product specialists who will soon be engaging in the development IoT solutions in a segment that that has been witnessing immense growth in the recent years. The leader will be working on the formulation of growth strategies to take B2B and B2B2C a notch higher.
AT&T Inc (NYSE:T), Sprint, Verizon Communications Inc (NYSE:VZ) and T-Mobile US Inc (NASDAQ:TMUS) are collaborating to come up with a taskforce that will see them develop a mobile authentication solution. Both enterprises as well as the customers are set to start enjoying the associated benefits from 2018.
The Mobile Authentication Taskforce will be able to sail through smoothly considering the fact that it enjoys support from the four largest U.S. mobile network operators. The Chief Technology Officer of GSMA, Alex Sinclair agrees that indeed security and authentication are matters that affect most of the people. This taskforce has expressed confidence that it will indeed be able to resolve issues of identity theft and fraud.