IoT can be a challenging revenue area for MVNOs (Mobile Virtual Network Operators) due to several factors. Firstly, the IoT market often requires specialized connectivity and service solutions, which can demand substantial investment in infrastructure and technology.

MVNOs may struggle to compete with larger MNOs (Mobile Network Operators) that have more resources. Additionally, IoT revenue streams are fragmented, with varying pricing models and low-margin, high-volume business, making it hard to achieve profitability.

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