Ericsson partners with several telecom operators to sell network software (updated)

America Movil SAB de CV

12/09/2024 14:56

(Adds background in paragraphs 4-6, detail in paragraphs 3,
7and 8)
       STOCKHOLM, Sept 12 (Reuters) - Swedish telecom gear
maker Ericsson  ERICb.ST  has created a new joint venture for
selling network software tools with more than a dozen telecom
operators across regions, it said in a statement on Thursday. 
    It said the firms it joined forces with to accelerate the
adoption of application programming interface (API) software
included Deutsche Telekom  DTEGn.DE  and Vodafone  VOD.L  in
Europe, Verizon and AT&T  T.N  in the U.S. and Bharti Airtel
 BRTI.NS  and Reliance Jio in India.
    Cloud communication platforms Vonage, bought by Ericsson in
2022, and Google Cloud will also join the initiative, it said.
        Ericsson already in 2023 partnered with Deutsche Telekom
to offer API solutions for operators, allowing these to broaden
their revenue base, using Vonage. 
        The Swedish group bought Vonage for $6.2 billion to
offer operators a global platform for APIs. Ericsson has however
since then made two significant 
    writedowns
     on the acquisition due to sluggish market growth. 
  
        Despite this, Ericsson affirmed its commitment to build
such a platform following the most recent writedown in 
    July
    .
  

 (Reporting by Supantha Mukherjee and Anna Ringstrom, editing by
Stine Jacobsen)
 ((anna.ringstrom@thomsonreuters.com;))