STOCKHOLM, Sept 12 (Reuters) - Swedish telecom gear
maker Ericsson has created a new joint venture for
selling network software tools with more than a dozen telecom
operators across regions, it said in a statement on Thursday.
It said the firms it joined forces with to accelerate the
adoption of application programming interface (API) software
included Deutsche Telekom and Vodafone ( VOD ) in
Europe, Verizon and AT&T ( T ) in the U.S. and Bharti Airtel
and Reliance Jio in India.
Cloud communication platforms Vonage, bought by Ericsson in
2022, and Google Cloud will also join the initiative, it said.
Ericsson already in 2023 partnered with Deutsche Telekom
to offer API solutions for operators, allowing these to broaden
their revenue base, using Vonage.
The Swedish group bought Vonage for $6.2 billion to
offer operators a global platform for APIs. Ericsson has however
since then made two significant
writedowns
on the acquisition due to sluggish market growth.
Despite this, Ericsson affirmed its commitment to build
such a platform following the most recent writedown in
July
.