LONDON -- (BUSINESS WIRE) --
A significant milestone in the telecom industry was reached between 12 of the most relevant telecom operators globally (América Móvil, AT&T, Bharti Airtel, Deutsche Telekom, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, Vodafone) and Ericsson, announcing the agreement to establish a joint vehicle to develop and monetize network Application Programming Interfaces (APIs).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241014525584/en/
The new company lays the foundation for the telecommunication API segment to emerge – a market ADL estimates to be worth ~30bn USD by 2030. The adoption of network APIs will fundamentally transform the telecommunications market, allowing more direct, dynamic, and scalable access to networking and compute resources. To succeed, telecom operators need to follow customer demand, which is becoming increasingly universal – this newly established venture with its global platform and reach is primed to provide exactly that for its stakeholders, as well as the wider industry ecosystem, and ultimately can be the driving force for scaling the API market.
Christoph Uferer, Lead Partner, comments: “We are proud to have been part of the journey of the largest telecom players globally joining forces to make it easy to access, use, and pay for network capabilities – essentially creating a new market. This collaboration is a real ‘first-of-its-kind’ in the industry. What it now takes to fully unlock the power of network APIs is for more and more operators to partner with the venture, thereby creating a truly global footprint that will allow developers to reach any subscriber around the globe by a single API ping.”
For other industry players to benefit from this dynamic, and be able to monetize networks through API-based access, global industry collaboration is the most effective way to fast-track. Yet, telecom operators need to align technical, strategic, and governance-related aspects to successfully contribute and reap the rewards of such an alliance.
Karim Taga, Managing Partner, adds: “API-based business models have transformed how customers source and consume connectivity – a whole new ecosystem has emerged. This alliance is a great opportunity for further telecom operators to engage.”
The transaction to form the new company is expected to close in early 2025, subject to regulatory approvals and other customary conditions.
-
Arthur D. Little: The New “Telecom” – an Industry Alliance Forms to Fast-Track Network API MonetizatLONDON -- (BUSINESS WIRE) -- A significant milestone in the telecom industry was reached between 12 of the most relevant telecom operators globally2024-10-15
-
Allstate Protection Plans收购Kingfisher以强化其移动行业产品组合Allstate Protection Plans(Allstate Corporation (NYSE: ALL)旗下公司)收购了私营公司Kingfisher,该公司致力于优化智能设备的生命周期(维修、更换、以旧换新、升级),2024-10-15
-
大漠数据:建筑数字化浪潮中的璀璨之星在时代的滚滚洪流中,大数据如同一股强大的暗流,悄然改变着我们生活的方方面面,而建筑行业也在这股数字化浪潮中经历着深刻的变革。今天,让我们走进大漠数据技术(浙江)有2024-10-15
-
火星人集成灶携 X5 Pro尊享版拉开双十一序幕,为未来家厨房生活注入新活力“治大国若烹小鲜。” 烹饪之事虽看似微小,却蕴含着生活的万千滋味。在当下人们追求品质生活的潮流中,厨房已然成为家居生活的核心。一款出色的厨电产品无疑成为打2024-10-15
-
连连国际再度亮相广交会 为外贸企业带来新产品、新服务、新体验10月15日,第136届中国进出口商品交易会(简称“广交会”)在广州盛大开幕。作为外贸支付领域的先行者,连连国际携全新升级的产品服务亮相本届广交会,与广大外贸人共同2024-10-15