Verizon Signs Up Microsoft 274d4r Nokia to Help Clients Build Private 5G Networks

Azure, Microsoft's cloud computing business, will run on top of Verizon's 5G network to process data generated by machines. 4o4w5u

By Reuters | Updated: 20 October 2020 10:01 IST

Verizon Signs Up Microsoft, Nokia to Help Clients Build Private 5G Networks

In international markets, Verizon is working with Nokia to build private networks for logistics companies 1f6h50

Highlights

Verizon is keen on taking a share in new businesses that 5G might enable
Logistics company Ice Mobility is the first customer for new partnership
Telecom operators seldom got a share of the growth of 4G

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Verizon said on Monday it has struck deals with Microsoft and Nokia to improve the telecoms giant's ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks.

Private machine learning to increase productivity.

artificial intelligence to automate operations. Microsoft launched the new service late last month directed at telecom operators.

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US-based logistics company Ice Mobility is the first customer for the new partnership, allowing it to track employees packing the products into the right boxes to skip quality control.

"This is about creating a new business opportunity for everyone," Verizon's Chief Strategy Officer Rima Qureshi said. She declined to disclose how the revenue would be shared between Verizon and Microsoft.

While 4G helped create multi-billion dollar businesses ranging from music and video streaming to cab hailing and food delivery, telecom operators seldom got a share of that growth.

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Verizon is now keen on taking a share in new businesses that 5G might enable, either by partnering with bigger companies or by buying stakes in smaller ones such as virtual reality company 8i to Swiftmile, which makes charging systems for electric scooters.

In international markets, where Verizon doesn't have its own network, it is working with Nokia to build private networks for manufacturing and logistics companies.

"Next year will be all about deploying private 5G and not about commercial success and we will start seeing early monetization from 2022 onwards," Sowmyanarayan Sampath, president of Verizon's global enterprise business, told Reuters.

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