Telefonica (TEF) Arm & Siemens (SIEGY) to Boost Smart Buildings

TEF - Free Report) subsidiary, Telefonica Tech, has partnered with the Spanish counterpart of the multinational conglomerate, Siemens AG (. SIEGY - Free Report) , to jointly deliver state-of-the-art solutions for smart buildings, ranging from corporate offices to industrial facilities. Per the agreement, Telefonica Tech will incorporate its expertise in physical security, IoT and connectivity with Siemens' smart electric networks for advanced automation.