🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

IBM unveils cloud for 5G telcos, gets Nokia and Samsung as partners

Published 11/05/2020, 08:07 AM
Updated 11/05/2020, 08:10 AM
© Reuters. FILE PHOTO: Man stands near an IBM logo at the Mobile World Congress in Barcelona
MSFT
-
AMZN
-
IBM
-
NOK
-
005930
-

By Supantha Mukherjee

STOCKHOLM (Reuters) - International Business Machines (NYSE:IBM) Corp on Thursday became the latest U.S. technology company to launch a cloud platform directed at telecom operators deploying 5G and signed up Nokia (NYSE:NOK) and Samsung (KS:005930) as partners.

A cloud platform uses software instead of physical equipment to do network functions, helping telecom operators to build 5G networks faster, reduce costs and sell customised services to business clients.

The U.S. government has been pushing big U.S. companies to get more involved with 5G - a technology which promises to enable everything from self-driving cars to remote surgery and more automated manufacturing.

Companies such as Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) have launched their own cloud platforms targeting telecom operators.

Collaboration, not competition, is the way forward as customers will consume from more than one cloud service provider, be it Amazon or Microsoft, Howard Boville, IBM 's senior vice president for Hybrid Cloud, told Reuters.

IBM will supply services to its telecom partners to run their networks and also to assist them in selling custom products to their customers, he said.

Under its new Chief Executive Arvind Krishna, 109-year-old company is splitting itself into two public companies to focus on high-margin cloud computing business.

Before becoming CEO in April, Krishna was heading IBM's cloud business and was the key architect behind its $34 billion acquisition of cloud company Red Hat last year.

IBM's cloud for telecom is built using technology from Red Hat and has signed up 35 partners, including network equipment suppliers and software vendors to build an ecosystem.

The pandemic has accelerated the desire for every company, not just telcos, for digital transformation and there has been a massive uptick to this approach, Boville said.

© Reuters. FILE PHOTO: Man stands near an IBM logo at the Mobile World Congress in Barcelona

More than a dozen clients are already testing its new telco cloud.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.