Ericsson Joins Telecom Leaders In New Network APIs Venture
Sept 12 (Reuters) -Telefonaktiebolaget LM Ericsson ERICb.ST:
GLOBAL TELECOM LEADERS JOIN FORCES TO REDEFINE THE INDUSTRY WITH NETWORK APIS
AGREEMENT TO ACCELERATE ADOPTION AND INNOVATION OF NETWORK APIS INCLUDES A NEWLY FORMED COMPANY
CLOSING OF TRANSACTION IS EXPECTED EARLY 2025
NEW VENTURE TO COMBINE AND SELL NETWORK APIS ON GLOBAL SCALE TO SPUR INNOVATION IN DIGITAL SERVICES
UPON CLOSING, ERICSSON WILL HOLD 50% OF EQUITY IN VENTURE WHILE TELECOM PROVIDERS WILL HOLD 50% IN TOTAL
Source text for Eikon: ID:nWkr1YShCS
Further company coverage: [ERICb.ST]
(Gdansk Newsroom)
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