Smart meters, less smart companies

My "smart" water meter has no wire/s coming out - even though it's in the ground.
The "smart" bit is a Diehl P/N 3135287 clipped onto a newly installed Diel meter. I could not read the old meter, and had complained to the water company about that... they offered to install a new meter, so I took them up on that.
"smart" in uncapitalised and in quotes, because it's not doing anything smart for me.
 
Oh... this thing is about 3 metres away - it has an antenna on the top of it. It may be the comms for the water pressure adjustment devices they installed in a huge hole in the ground about 6 months ago. Or it may be to read smart water meters?
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