U.S. telecom giant AT&T has inaugurated a business experience center in Mexico City, urging small- and medium-sized enterprises to increase their business efficiency and competency with the help of advancing internet technology.

Spread across 800 sq meters in Torre Diana, Mexico City, the center offers wide-ranging technology solutions in Internet of Things (IoT) and cyber security, as well as networking.

Visitors can check how these solutions work and how they can utilize them for the success of their business. In addition, the telecom operator is offering personalized support for SMEs to implement the technology solutions in their premises.

The center will also be open to university students and academics, who can learn and experience the power of new technology solutions, AT&T stated in a press release.

“The center is designed to educate, collaborate, and innovate with companies, communities, and governments that are making decisions related to infrastructure, security, commerce, transportation, and many more challenges, ” said Kelly King, AT&T CEO in Mexico.

The business center is the first of its kind by AT&T in Latin America, with analysts saying the U.S. carrier is putting all its resources at its disposal to break its rival America Movil’s monopoly on the Mexican telecom sector.

As telecoms and information technology (IT) overlap, bundling them shrewdly holds the key to the success for a wireless carrier.

Moreover, IoT solutions are expected to gain huge demand in the years to come. Reports say the global IoT market is expected to be worth about $14.4 trillion over the next five years.

“Technology is no longer a luxury, but a necessity to be competitive,” says Carlos Blanco, AT&T Chief Operating Officer (COO) in Mexico.

“The business center is exactly what the country needs, which gives SMEs the opportunity to get on the wave of digital economy,” said Rogelio Garza, undersecretary of Industry and Commerce of the Ministry of Economy.