2025 telecom venture, AT&T, Verizon, Ericsson: form joint company for global API access.

In September 2024, major telecom operators, including AT&T and Verizon, partnered with Ericsson to form a new venture focused on global network Application Programming Interfaces (APIs). This initiative aims to facilitate innovation by providing developers with access to common APIs across various telecom networks. The venture is expected to close in early 2025, with Ericsson and the telecom companies each holding 50% equity. The market for network APIs could reach $300 billion within seven years.

September 12, 2024
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