Ericsson (NASDAQ: ERIC) today announced that it has signed an Memorandum of Understanding (MoU) with Axiata Group Berhad (Axiata or the Group) to collaborate and create innovative value propositions in the Business Support System(BSS), Operational Support System (OSS) and Internet of Things (IoT) domains by leveraging on the next generation digital API platform offerings of Apigate, an Axiata subsidiary, and Ericsson's Digital Business Systems portfolio.
The MoU will facilitate collaborations between both companies aimed at creating digital API driven business solutions that effectively address the digital transformation needs of telecommunication service providers.
Todd Ashton, Head of Ericsson Malaysia, Sri Lanka and Bangladesh, says, "With more than 350 telecom billing, charging and other BSS customers worldwide, Ericsson is the perfect end-to-end business partner. Even as we help service providers address new value opportunities beyond data volume and voice minutes, we are delighted to partner with Axiata and Apigate to create solutions that address the digital transformation needs of telecom service providers including the Axiata group.
"This partnership is emblematic of our vision for digital transformation and our flexible, open-source platform can empower operators to build faster, more efficient partnerships and path the way to capitalise on revenue opportunities", states Zoran Vasiljev, CEO of Apigate.
Axiata's Group Chief Financial Officer Vivek Sood, who signed the MoU on behalf of the Group, adds, "This MoU is further testament to the relevance of Axiata's Apigate platform in powering digital transformation to meet the fast-evolving demands of our regional markets. Our partnership with Ericsson places us in a sweet spot as an enabler for greater industry wins specifically in creating API-driven digital solutions, aligning well with our drive towards becoming a New Generation Digital Company.
Apigate is the next generation Application Programming Interface (API) ecosystem provider. From mobile payment to identity management, omni-channel communications and beyond, Apigate enables businesses across the globe to achieve rapid growth and monetisation - all on one secure, seamless platform.
Having an established track record developing API services for Axiata Group's in-house business units, Apigate has expanded beyond its regional footprint to a global business offering scalable solutions. Combining the innovative insights of a telco group and the technology of an award-wining open source middleware, Apigate delivers groundbreaking digital enablement platform for enterprises while offering the long-tail developer community a marketplace of telecom APIs and application templates using a revenue sharing model with no up-front fees.
Seamless interactions, endless possibilities. Embark on your digital innovation journey and reach over 3.1 billion and connect to over 100 Mobile Network Operators worldwide in Asia, Africa, Europe and Latin America with Apigate. For more information, visit www.apigate.com
Marcia Yim, email@example.com
Axiata is one of the leading telecommunications groups in Asia with approximately 350 million customers and with a presence in 11 countries. In pursuit of its vision to be the New Generation Digital Champion by 2021, the Group has transformed itself from a holding entity with a portfolio of pure-play mobile assets into a Triple Core Strategy driven business with the focus on Digital Telco, Digital Businesses and Infrastructure.
Within ASEAN and South Asia, Axiata has controlling stakes in market-leading mobile and fixed operators in the region including 'Celcom' in Malaysia, 'XL' in Indonesia, 'Dialog' in Sri Lanka, 'Robi' in Bangladesh, 'Smart' in Cambodia and 'Ncell' in Nepal. The Group also holds strategic interests in 'Idea' in India and 'M1' in Singapore. Axiata is in the cusp of transforming its mobile operations into Digital Telcos through digitisation and convergence.
'edotco', the Group's infrastructure company, operates in six countries to deliver telecommunications infrastructure services, amassing approximately 27,500 towers. Presently the 12th largest independent tower companies globally, it aims to be one of the top
regional telecommunications tower companies and is committed to responsible and sustainable business operations.
Axiata Digital and Axiata Business Services are the digital businesses arms of the Group. Together, these businesses are focused on capturing the rapid growth in digital financial services ('Boost'), digital advertising ('ada'), enterprise solutions/IoT ('Xpand') and platform services ('APIgate') with user access to global markets.
As a committed and long-term investor, Axiata provides employment to 25,000 people within its operations. In line with its sustainability goals, the Group actively supports and drives young talent development; disaster response and recovery; as well as green initiatives. Axiata's broader goal 'Advancing Asia' pieces together the best in the region in terms of innovation, connectivity and talent.
Anuja Ravendran, firstname.lastname@example.org
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.
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