Finnish mobile company Jolla says it has completed its latest investment round and has secured new financing for the company.
It follows an announcement in November, when co-founder Antti Saarnio described the company as being in a “death valley”.
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A new report from wireless analyst firm Berg Insight predicts there’ll be 1 billion cellular machine-to-machine (M2M) subscribers by 2022.
It says the number of cellular M2M customers worldwide increased by 23% last year to a total of 265.2 million.
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