Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Beam Communication’s 4G IoT router has been given a tick of approval by telecom mogul Telstra
  • The Telstra sign-off is a key achievement for Beam as it gives users and distributors confidence the product is suited to Telstra’s national network
  • Its MG400 product is meant to be 30 per cent faster than older generations
  • Conveniently, this approval comes ahead of the Australia-wide shutdown of Telstra’s 3G network, meaning over 1 million routers will need replacing in the next five years
  • Beam Communications has soared 27.5 per cent today, with shares trading for 25.5 cents each

Beam Communications has announced Telstra has approved its newly developed MG400 LTE industrial gateway for IoT and M2M applications.

Telstra’s approval is a key achievement for Beam. Importantly, it gives users and distributors high confidence that the MG400 is a high-quality product suited to Telstra’s national network.

Beam’s MG400 4G gateway can be used for a number of applications such as IoT, M2M (Machine-to-Machine), Wi-Fi, hotspot, fleet management, emergency response, payment, ticketing, digital signage and more.

Telstra reportedly provides the most expansive and reliable 4G coverage in Australia and the MG400 is the first Telstra-approved IoT (Internet-of-Things) industrial gateway that is rated LTE Cat 13.

This is significant because most of the 4G IoT gateways are rated LTE Cat 6.

Evidently, the data speed on LTE Cat 13 compliant devices can be up to 30 per cent faster than the LTE Cat 6 counterparts.

The certification by Australia’s telecommunications mogul paves the way for the MG400 to be widely adopted by national organisations.

Strategically, the introduction of Beam’s device conveniently comes ahead of the shutdown of Telstra’s 3G network in 2024.

This means a large number of 3G gateways will need to be upgraded over the next few years.

“The proportion of 3G devices in Australia could be much higher as 3G has been around for a long time and there are significantly more 3G than 4G devices out there,” Beam Non-executive Director David Stewart said.

“If you throw in vending machines, public transport systems, parking meters and other industrial applications that require connectivity, the number can exceed a million devices that will need to be upgraded,” David added.

The approval is a strong endorsement of Beam’s expertise. The company will now market its product to suitable users and distributors.

Beam Communications has soared 27.5 per cent today, with shares trading for 25.5 cents each at 12:08 pm AEDT.

BCC by the numbers
More From The Market Herald
The Market Herald Video

" Vonex (ASX:VN8) shares soar on completed MyNetFone Direct acquisition

Telecommunications company Vonex (ASX:VN8) has finalised its acquisition of MyNetFone Direct after fulfilling its final monthly…
The Market Herald Video

" Aussie Broadband (ASX:ABB) shares fall sharply on June quarterly

Shares in Australian telco company Aussie Broadband (ASX:ABB) have tumbled following the release of the company's…
Telstra (ASX:TLS) - CEO, Andrew Penn

" Telstra (ASX:TLS) announces FY21 profit and launches $1.35b share buyback

Telstra Corporation (ASX:TLS) is releasing its 2021 financial year results, as well as the details for…

" Telstra (ASX:TLS) secures further spectrum for 5G in rural and remote areas

Telstra (ASX:TLS) spends $616 million to increase 5G coverage in rural and remote areas.