Known as network application programming interface (API),
the software will use the Vonage platform - a company Ericsson bought for $6.2
billion in 2022 - to help developers create new use cases based on a mobile
network.
Network APIs can be used by businesses for things such as
boosting 5G speed when needed to locate a customer's phone in a store when a
transaction is taking place to prevent fraud.
"We view the API business as a standalone business in
itself, so we need to make that profitable by itself and the way the revenue
split works is attractive for us and will be attractive for Deutsche
Telekom," Ericsson Chief Executive Borje Ekholm said in an interview.
Telecom research firm STL Partners predicts that revenue
from mobile network APIs will grow to over $20 billion by 2028.
More than 140 companies are working under an open source
project called CAMARA to define, develop and test network APIs.
After investing hundreds of billions of dollars on 5G
infrastructure, telecom operators have been trying to get returns from selling
faster connections to businesses to automating factories, with varying success.
"They (operators) want to get more revenue, they will
be able to sell features, whether it's speed, latency, location authentication,
they are going to sell a lot of different things coming out of the
network," Ekholm said.
"That gives a new source of revenue they haven't had
for a long time."
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