Skip to content
Sunday, August 9
  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
International Media News

International Media News

International Media News

International Media News

International Media News

  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
Home>>Business>>Verizon Signs Up Microsoft, Nokia to Help Clients Build Private 5G Networks
Business

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

international media news
October 21, 2020 188 Views0

Verizon said  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.

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.

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.

 

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.

Share:

Previous Post

WhatsApp Bringing Voice and Video Calls to Desktop Web Client: Report

Next Post

Mukesh Ambani Reveals 3 Areas Where He Would Like To Leave His Legacy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

  • High stakes in Parliament next week: Congress issues whips for MPs as contentious FCRA Bill looms
  • Iran’s supreme leader Mojtaba Khamenei in ‘critical condition’, rushed to hospital: Israeli media
  • Russia Sanctions Bill may trigger up to 100% US tariffs on India
  • Thudakkam box office collection day 1: Vismaya Mohanlal’s debut film earns Rs 2.40 crore net in India
  • India announce squad for AHF Junior Asia Cup 2026, Anmol Ekka named captain

Latest News

High stakes in Parliament next week: Congress issues whips for MPs as contentious FCRA Bill looms

international media news
August 9, 2026

Anticipating Union Home Minister Amit Shah's presence in the House and the likely introduction of th

Iran’s supreme leader Mojtaba Khamenei in ‘critical condition’, rushed to hospital: Israeli media

international media news
August 9, 2026

Russia Sanctions Bill may trigger up to 100% US tariffs on India

international media news
August 9, 2026

Thudakkam box office collection day 1: Vismaya Mohanlal’s debut film earns Rs 2.40 crore net in India

international media news
August 9, 2026

Latest News

High stakes in Parliament next week: Congress issues whips for MPs as contentious FCRA Bill looms

international media news
August 9, 2026

Iran’s supreme leader Mojtaba Khamenei in ‘critical condition’, rushed to hospital: Israeli media

international media news
August 9, 2026

Popular Categories

  • India
  • World
  • Business
  • Entertainment
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
All Rights Reserved © International Media News | Website By - Hurl Technologies Pvt. Ltd. | WordPress Theme Ultra News