Ericsson has announced the sale of its US subsidiary iconectiv to Koch Equity Development for $1 billion. This transaction, anticipated to complete in early 2025, underscores Ericsson’s strategy to streamline its core offerings. Iconectiv, renowned for number portability solutions, will continue expanding under its new ownership.
Maintaining an edge over competition, staying on track with ever-shifting customer needs and seeing steady revenue growth, can be hard in the fiercely competitive environment of telecoms. That is why the telecom industry needs to consider introducing new technologies into their business practices. One such promising technology that can give telecommunications business owners leverage in the industry is blockchain. Blockchain was created as a technology that brings trust where it does not exist. Currently, the telecommunications blockchain market is in its early stages, with only a few vendors having launched telecommunications blockchain solutions. Given the complex nature of blockchain and distributed ledger technology, it is clear that in order for it to succeed in the telecommunications industry, vendors will need to pool their knowledge of blockchain technology and the telecommunications industry. Bringing blockchain into play can create significant benefits and opportunities for a variety of telecommunications sectors. Some of these…
Liberty Global and Telefonica to merge their U.K. operations creating the leading fixed-mobile provider in the country Virgin Media, Liberty Global’s cable operator, and Telefonica’s mobile carrier O2 have announced an agreement to merge their UK operations in a 50-50 joint venture between the two companies. This mega-deal is valued at GBP 31.4 billion, with O2 worth GBP 12.7 billion and Virgin Media valued at GBP 18.7 billion. According to the announcement, this combination will create a stronger fixed and mobile competitor in the UK market, supporting the expansion of Virgin Media’s giga-ready network and O2’s 5G mobile deployment for the benefit of consumers, businesses and the public sector. The transaction is expected to close in mid-2021. Read more at https://tinyurl.com/yc42j66f Ericsson ‘talking to advisers’ about selling $1.2bn number portability unit Ericsson’s largest shareholder Cevian Capital has advised the communications equipment supplier to sell its 83.3% stake in the US number portability company Iconectiv, formerly known as Telcordia. For the past several years,…
Do you want to change your telecommunication service provider, but need to keep your current phone number? This process is called number portability, and defines the mechanism and procedures that allow you to switch from one phone network service provider to another in any Licensed Service Area (LSA), while maintaining your existing number. Number portability offers customers the right to exercise their choice in selecting a service provider and, at the same time, avoid the inconvenience of being allocated a new phone number. This important facility provides the customer with freedom-of-choice and, as a result, generates competition among service providers encouraging lower tariffs, improved services and enhanced Quality of Service (QoS) of the networks. It is important to note that the portability feature only concerns the phone number, and is not applicable to services. In this article we focus on the complete porting process from start to finish and, at…
No doubt, “blockchain” is the hottest buzz word being discussed across all industries, and telecommunications is no exception. The blockchain is being proposed for use in various applications in the telecommunications industry, such as securing CDRs, billing data and access logs, ensuring data authenticity or ensuring strict operational procedures. Blockchain will certainly optimize costs by eliminating third-parties such as clearing houses, automating audits and improving fraud detection. However, there is one area where the use of blockchain technology has the potential to not only benefit the operators, but will have a revolutionary impact on the way we all understand, use and protect our identities. The Phone Number as your Digital ID Our phone number is our most valuable digital identity, and will remain the only unique international method of identification well into the future. The PSTN, which is wholly based on the use of phone numbers, is the largest social…
