Telefónica Tech to Launch 130,000 Smart Meters in Canal de Isabel II | Financial Buzz

Telefónica Tech to Launch 130,000 Smart Meters in Canal de Isabel II

Telefónica Tech and Contazara will take charge of the supply and communications service for Canal de Isabel II.  Canal de Isabel II has a plan for a massive deployment of 650,000 water meters with integrated NBIoT communication within the next three years.  The use of smart metering helps reduce water leaks by 40%, reducing operation and maintenance costs by 20% and improves customer satisfaction rates by up to 60%.  According to Pascual Fernández, CEO of Canal de Isabel II, “Canal de Isabel II’s Smart Region Plan strengthens the leadership of our public company and allows us to advance in two essential lines of our company: proximity to users, offering them more and better services and information, and sustainability, helping us to increase efficiency in the management and exploitation of our most important resource: water”.

Gonzalo Martín-Villa, CEO of IoT & Big Data at Telefónica Tech, says: “We are very proud that Telefónica Empresas has been awarded this project for Canal de Isabel II, making us their technology partner in this transformation they are carrying out. With this agreement we consolidate our position as leaders in providing NBIoT connectivity solutions, guaranteeing an open, comprehensive, scalable and secure solution with devices that make it possible and that have been fully tested in our TheThinx laboratory”.

Isaac Navarro, CEO of Contazara, says: “This project represents the consolidation of the strategy of mass deployment of smart water meters with NBIoT communication in Spain, the two most advanced and reliable technologies in the world, positioning Canal de Isabel II, Contazara and Telefónica Tech at the global forefront of digital and sustainable water management”.

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