Pactio Technologies (a wholly owned subsidiary of Pactio Invest) has a 35% stake in SimpleCell Europe, which is active in the Internet of Things (IoT) sector. The main company is SimpleCell Networks, the exclusive operator of the IoT in the Czech Republic using Sigfox technology. Pactio Invest also has a 17% direct stake in SimpleCell Network.

IoT is expected by the IT/Telecom experts to be successful in coming years. Thanks to SimpleCell Networks´ investments in modern infrastructure, the Sigfox network covers 95% of the population and 92% of the Czech Republic’s territory. Typical clients using the SimpleCell network are companies in the sectors of: energy, water, insurance, agriculture, logistics, security, facility management, and more.

The SimpleCell Group also provides IoT consulting services and also holds 10% stake in the Sigfox operator in Slovakia. The company´s foreign expansion is continuing to seek and acquire stakes in several other European Sigfox operators.