The Internet of Things (IoT) is changing the role of telecommunications service providers in promoting connectivity among people and devices. Through its deployment, the IoT is fostering digitization, technological innovation, and advancement in the telecom industry. Telecom businesses are primarily engaging in IoT platforms through either international collaborations with cloud service providers or local infrastructure deployments. In developing countries, businesses are adopting IoT technology, which is a newly emerging phenomenon. From sim and data sales to new IoT-enabled offerings, telecoms are diversifying their businesses and services. Individuals and businesses can use their services to host IoT devices, applications, and solutions on the IoT platform. This paper discusses IoT technology in telecom in context of a Telecom Company “China Mobile Pakistan” in developing country Pakistan, who is boosting connectivity among people and devices through the deployment of IoT platform OneNET. Through qualitative case study, this paper documents ecosystem, value chain, features, architecture, and functions of IoT platform OneNET. It emphasizes the importance of an IoT platform that aids management, as well as university students, hardware providers, solution providers, equipment suppliers, local application developers, and incubators, in comprehending the complexities of IoT technology for telecoms.