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    Vodafone taps into car industry

    euronews (in English)

    by euronews (in English)

    British telecoms company Vodafone has agreed to buy an Italian provider of electronics services to the car industry in a deal worth 145 million euros.

    The purchase of Cobra Automotive Technologies, a provider of security, telecommunications and vehicle tracking for the automotive and insurance industries, is part of a Vodafone plan to expand into the so-called machine to machine industry.

    Mobile carriers across the globe see the sector as a significant source of growth.