Science & Technology

Verizon signs up Microsoft, Nokia to help clients build private 5G networks

Published

on

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 5G networks remove the need for businesses to jostle for speed with others on a public network and help enable data-intensive applications that use computer vision, augmented reality and machine learning to increase productivity.

Azure, Microsoft’s cloud computing business, will run on top of Verizon’s 5G network to processes the data generated by machines at the local facility and use artificial intelligence to automate operations.

Microsoft launched the new service late last month directed at telecom operators.

United States-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.

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 monetisation from 2022 onwards,” Sowmyanarayan Sampath, president of Verizon’s global enterprise business, told Reuters.

ERO

(
Edited By: Emmanuel Okara)
Source: NAN

Emmanuel Okara

Emmanuel Okara: NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng. Disclaimer.

Africa Oil & Power officially opens workshops in Mozambique and celebrates International Women’s Day Call for an independent investigation into the death of Rwandan singer Kizito Mihigo Kasi Insight data on Africa is now available as part of an alternative data catalog through Bloomberg’s Data Market Place Whenever you’re ready to travel again, Jumeirah is here to help plan the perfect vacation with an exclusive global offer. Coronavirus – Eswatini: COVID-19 update (March 7, 2021) Global COVID-19 experts see inequitable vaccine distribution and reluctance to be key challenges for Africa in 2021 Q&A with Paula Lanco – President of the Women’s Rugby Advisory Committee Coronavirus – Rwanda: COVID-19 update (March 7, 2021) U-19 men’s volleyball championship: Cameroon beats Gambia 3-0 Ebola: 2,167 people vaccinated in Guinea, DRC – WHO Meghan accuses British royal family of racism Coronavirus – Kenya: COVID-19 update (March 6, 2021) Coronavirus – Zimbabwe: COVID-19 update (March 6, 2021) Coronavirus – Zambia: COVID-19 update (March 6, 2021) Qhubeka ASSOS team offers fantastic team performances at Strade Bianche Coronavirus – Nigeria: COVID-19 update (March 6, 2021) Coronavirus – Rwanda: COVID-19 update (March 6, 2021) African Union Member States reporting Ebola virus disease update (March 6, 2021) Coronavirus – Malawi: COVID-19 update (March 6, 2021) Coronavirus – Ethiopia: COVID-19 update (March 6, 2021) Coronavirus: African Union member states report COVID-19 cases as of March 7, 2021, 9 a.m.ET AFCON U20: Ghana beat Uganda to win fourth title NPFL: Kano Pillars chairman optimistic about Rangers win Tanzania tries to bring back contraband chameleons seized in Austria Desert locust invasion destroys huge cultivated land in Ethiopia – UN African Football – Election of the African Football Confederation (CAF): Ceremony of African Unity Media advisory – African football – Election of the African Football Confederation (CAF): Ceremony of African Unity Coronavirus – Kenya: COVID-19 update (March 5, 2021) Coronavirus – Eswatini: COVID-19 update (March 5, 2021) Coronavirus – Rwanda: COVID-19 update (March 5, 2021) Coronavirus – Ethiopia: COVID-19 update (March 5, 2021) Coronavirus – Djibouti: The first quantity of COVID-19 vaccines arrives in Djibouti Coronavirus – Zimbabwe: COVID-19 update (March 5, 2021) Coronavirus – Nigeria: COVID-19 update (March 5, 2021) Coronavirus – Zambia: COVID-19 update (March 5, 2021) AfCFTA, key driver of Africa’s economic recovery after COVID-19 – SG Coronavirus – Malawi: COVID-19 update (March 4, 2021) Coronavirus – Ethiopia: COVID-19 update (March 4, 2021) Coronavirus – Nigeria: COVID-19 update (March 4, 2021) Coronavirus – Uganda: COVID-19 update (March 4, 2021) Coronavirus – Rwanda: COVID-19 update (March 4, 2021) Coronavirus – Eswatini: COVID-19 update (March 4, 2021) Coronavirus – Kenya: COVID-19 update (March 4, 2021) Coronavirus – South Africa: COVID-19 update (March 4, 2021) Coronavirus – Eritrea: Ministry of Health announcement (March 4, 2021) “The Experimenting Public Relations Book is our contribution to the body of knowledge in Public Relations,” says Olorundero. Tokyo 2020 CEO says Games will no longer be postponed Confirmed cases of COVID-19 in Africa nearly 3.94 million Austrian company to provide 5 million additional vaccine doses to EU Pope Francis arrives in Iraq for the first papal visit