Ericsson has announced the completion of the equity investments by 12 global communication service providers (CSPs) into its subsidiary Aduna, formally establishing Aduna as a 50:50 joint venture. 

 

Aduna was created to combine and sell aggregated network Application Programming Interfaces (APIs) globally. It has been operational since the deal signed on September last year.

 

As per the deal, Ericsson holds 50% of the venture equity, with the remaining 50% of Aduna is held by the CSPs - AT&T, Bharti Airtel, Deutsche Telekom, Ericsson, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone.

 

In addition to funding and commercial agreements, the shareholders bring to Aduna a wealth of support in the industry, including through telecom operator relationships, knowledge of the developer community, and expertise in network APIs, it stated.  

 

Ericsson also contributed its global network platform, on which Aduna will build and refine its offering.

 

Aduna CEO Anthony Bartolo said: "The closing of the transaction is another important step for Aduna. In just ten months we have built an impressive ecosystem comprising the biggest names in telecoms and the wider ICT industry."

 

"The closing provides renewed motivation for Aduna to accelerate the adoption of network APIs by developers on a global scale. This includes encouraging more telecom operators to join the new company, further driving the industry and developer experience," he added.-TradeArabia News Service