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Ericsson (NASDAQ: ERIC) has announced the completion of equity investments by twelve global communication service providers (CSPs) into its subsidiary Aduna. This move formally establishes Aduna as a 50:50 joint venture.

Aduna was created to combine and sell aggregated network Application Programming Interfaces (APIs) worldwide. The venture has been operational since the deal was signed on September 11, 2024.

The joint venture includes major CSPs such as AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, and Vodafone. Ericsson holds 50 percent equity, while the other CSPs collectively hold the remaining half.

The shareholders bring significant industry support to Aduna, including telecom operator relationships, developer community knowledge, and expertise in network APIs. Ericsson also contributed its global network platform to help build and refine Aduna’s offerings.

Aduna CEO Anthony Bartolo said the transaction’s closing is a crucial step for the company. He highlighted that within ten months, Aduna has created an impressive ecosystem with leading telecom and ICT companies. Bartolo added that this milestone will accelerate the global adoption of network APIs by developers and encourage more telecom operators to join the venture.

Additionally, the expanding Aduna ecosystem features a wide range of technology and collaboration partners. These include further CSPs worldwide, developer platform companies, global system integrators, communication platform-as-a-service (CPaaS) providers, and independent software vendors (ISVs).

Current partners involved are e&, Bouygues Telecom, Free, CelcomDigi, Softbank, NTT DOCOMO, Google Cloud, Vonage, Sinch, Infobip, Enstream, Bridge Alliance, Syniverse, JT Global, Microsoft, Wipro, and Tech Mahindra. Each plays a vital role in enhancing the reach and impact of network APIs globally.

Key points:

  • Ericsson and 12 CSPs form 50:50 joint venture Aduna.
  • Aduna focuses on global aggregated network API sales.
  • Growing ecosystem supports accelerated API adoption worldwide.