Nokia. Reuters

Telecoms services provider StarHub on Monday signed a memorandum of understanding (MoU) with Nokia to jointly drive Internet of Things (IoT) momentum in Singapore.

The two companies plan to develop new IoT use cases and applications in the areas of connected living, connected vehicles and connected buildings, with plans to offer commercial services to customers the first quarter of 2018, StarHub said in a statement.

Finnish telecom equipment maker Nokia will support StarHub and its partners in the development of use cases, such as for smart parking, environmental sensors and video analytics.

Nokia will also help StarHub promote the benefits of IoT technology through various activities, including developer outreach programmes and participation in IoT-related events.

"A large component of Singapore's Smart Nation initiative involves the deployment of IoT devices in the environment, including in the home, along streets and in parks, and in offices," Chong Yoke Sin, Chief, Enterprise Business Group at StarHub said in a statement.

"The granular data derived from these sensors will allow our enterprise customers to understand and gain insights from their own customers, improving operational efficiencies and aid in long-term planning."