Verizon Wireless and Qualcomm are to partner in a joint venture to deliver machine to machine wireless communications along with smart services across a wide range of market segments and will include such things as ,manufacturing, utilities, distribution, healthcare and consumer products states a report on convergedigest.

Verizon and Qualcomm see a wide market and new business models for services which are enabled via mobile to mobile and could well include sensor networks that manage a smart energy grid or transportation logistics.

Verizon and Qualcomm will both have a equal share in the joint venture and will be well positioned to deliver a single source for the end to end M2M solutions.