An anonymous reader shares a Fortune report:Verizon is moving from telephone poles to street lighting poles with its latest acquisition to bolster its Internet of things business. The telecom giant has been looking for new growth areas around connected smart devices -- including water meters, self-driving cars, and drones -- as some of its traditional markets slow. On Monday, Verizon said it was buying privately-held Sensity, a company that puts sensors in LED street lamps to perform functions such as monitoring traffic and detecting security threats. Terms of the deal have not been disclosed. It's the latest in a string of acquisitions to bolster the carrier's IoT unit. Verizon agreed to pay $2.4 billion for truck tracking service Fleetmatics last month and startup Telogis, another fleet-tracker, earlier this summer.