This document discusses the impacts of Industry 4.0 and outlines opportunities and challenges for mobile telecom operators. Industry 4.0 will bring about innovative smart services, add value to firms, and require new skills. It will connect future products and services through technologies like the Internet of Things. Mobile operators will need to develop new business models and partnerships to capitalize on opportunities in areas like IoT. Education and training institutions will need to prepare workers for highly digital Industry 4.0 jobs through new programs.