Ericsson announces completion of Aduna transaction

Aduna now a 50:50 joint venture: 50 percent owned by Ericsson and 50 percent owned by twelve communications service providers (CSPs) Aduna has been operational since its formation announcement on September 11, 2024 Aduna ecosystem comprises CSP, major developer platform companies, global system integrators (GSI), communication platform as a service (CPaaS) companies, and independent software vendor (ISV) partners , /PRNewswire/ -- Today, Ericsson (NASDAQ: ERIC) announces the completion of the equity investments by twelve global communication service providers (CSPs) into its subsidiary Aduna, formally establishing Aduna as a 50:50 joint venture. Aduna was created to combine and sell aggregated network Application Programming Interfaces (APIs) globally. It has been operational since the deal signed on 11 September 2024. Aduna is now owned by AT&T, Bharti Airtel, Deutsche Telekom, Ericsson, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone. In addition to funding and commercial agreements, the shareholders bring to Aduna a wealth of support in the industry, including through telecom operator relationships, knowledge of the developer community, and expertise in network APIs. Ericsson also contributed its global network platform, on which Aduna will build and refine its offering. Ericsson holds 50 percent of the venture equity, with the remaining 50 percent held by the above-named CSPs combined. Aduna CEO, Anthony Bartolo, says: "The closing of the transaction is another important step for Aduna. In just ten months we have built an impressive ecosystem comprising the biggest names in telecoms and the wider ICT industry. The closing provides renewed motivation for Aduna to accelerate the adoption of network APIs by developers on a global scale. This includes encouraging more telecom operators to join the new company, further driving the industry and developer experience." In addition to the founding venture partners, the rapidly-expanding Aduna ecosystem includes a diverse range of technology and collaboration partnerships. These span additional CSPs worldwide, as well as major developer platform companies, global system integration (GSI) companies, communication platform-as-a-service (CPaaS) companies, and independent software vendor (ISV) companies. To date these include: 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 playing a vital role in advancing the reach and impact of network APIs worldwide. NOTES TO EDITORS: Aduna Aduna Newsroom Media queries: [email protected] Related press release: Global telecom leaders join forces to redefine the industry with network APIs FOLLOW US: Subscribe to Ericsson press releasesSubscribe to Ericsson blog postshttps://x.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT: Ericsson Newsroom[email protected] (+46 10 719 69 92)[email protected] (+46 10 719 00 00) ABOUT ADUNA: Aduna is a landmark venture between some of the world's leading telecom operators and Ericsson, dedicated to enabling developers worldwide to accelerate innovation by leveraging networks to their full potential via common network Application Programming Interfaces (APIs). Its venture partners include: AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone. By combining network APIs from multiple operators globally under a unified platform based on the CAMARA open-source project, driven by the GSMA and the Linux Foundation, Aduna provides a standardized platform to foster collaboration, enhance user experiences, and drive industry growth. To find out more about Aduna, visit adunaglobal.com. ABOUT ERICSSON: Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/ericsson/r/ericsson-announces-completion-of-aduna-transaction,c4211835 The following files are available for download: SOURCE Ericsson WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Ericsson announces completion of Aduna transaction

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