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AMAZON.COM, INC.

(AMZN)
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Amazon com : With cloud and AI, IBM broadens 5G deals with Verizon and Telefonica

06/28/2021 | 12:01am EDT
FILE PHOTO: The sign at the IBM facility near Boulder, Colarado

BARCELONA (Reuters) - IBM will offer telecom operators Verizon and Telefonica new services ranging from running 5G over a cloud platform to using artificial intelligence, the U.S. technology company said on Monday.

Big technology players such as Microsoft and Amazon are vying for a share of 5G revenue by offering telecom operators next-generation software tools.

IBM, using technology it obtained from buying software firm Red Hat, will offer the telecom operators cloud services to run their networks and assist them in selling products tailored to customers. No financial terms were disclosed about the tie-ups, which broadened IBM's existing partnerships with the two firms.

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

"It's a disruptive time in this particular market segment, telcos are trying to position themselves as the destination for services like augmented reality, machine learning and AI," Darell Jordan-Smith, vice president of Redhat, told Reuters.

On the AI front, IBM and Spain's Telefonica have created a virtual assistant that they say will remove friction points, such as long wait times, by automating the handling of frequently asked questions and tasks like billing.

"We see this as an existential moment for telco operators with 5G: architecturally, they're looking to gain more control on their platforms and rethink their network as a digital world rather than a structured physical model," said Steve Canepa, IBM's general manager for communications business.

(Reporting by Clara-Laeila Laudette and Supantha Mukherjee in Barcelona)

By Clara-Laeila Laudette and Supantha Mukherjee


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.74% 3462.52 Delayed Quote.6.72%
MICROSOFT CORPORATION -1.75% 299.87 Delayed Quote.37.23%
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Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 103 M - -
Net cash 2021 57 789 M - -
P/E ratio 2021 66,3x
Yield 2021 -
Capitalization 1 754 B 1 754 B -
EV / Sales 2021 3,56x
EV / Sales 2022 2,95x
Nbr of Employees 1 298 000
Free-Float 82,5%
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Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
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Thomas O. Ryder Independent Director
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