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Remgro’s telecom unit, together with a set of partner investors including Discovery Insure, Fidelity ADT, Macrocomm and Buffet Investments, are betting on more everyday devices such as vehicles being connected to the internet to drive local growth in a low-cost network called Sigfox.

As the world moves further into a future of connectedness, an increasing number of everyday devices such as vehicles, electricity meters and tracking sensors are being equipped with broadband connectivity to stay online...

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