LONDON – Businesswire – 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).
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.
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