UPDATE: Rakon's 'internet of things' investment to be earnings positive by 2018

Mon, 04 Apr 2016

(Adds Rakon and Sigfox comments) By Fiona Rotherham April 4 (BusinessDesk) - Rakon’s cornerstone investment in an Australian start-up rolling out a new “internet of things” network in Australia and New Zealand in partnership with French company Sigfox is expected to start having a positive impact on the high tech component manufacturer’s earnings by 2018. Rakon is also hoping the new low-powered wide area network technology will boost the NZX-listed company’s moribund share price, which jumped three cents to 28 cents following announce...

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