XLY - Amazon Telefonica's Bold Venture To Transform Telecommunications - What's On The Cards? | Benzinga
Telefonica S.A. (NYSE:TEF) announced that O2 Telefónica launched a new 5G core network built entirely in the cloud, using technologies from European network equipment provider Nokia Corporation (NYSE:NOK) and from Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services (AWS).
The 5G Cloud Core will be designed for a capacity of up to 1 million customers in the first phase.
Selected O2 Telefónica customers will benefit from the advantages of the cloud, which include, among other things, higher availability and reliability as well as faster software updates.
O2 Telefónica is the first telecommunications provider with an existing network to operate its core network on AWS.
This initiative underscores Amazon’s ambitious foray into global telecommunications, according to a report from Reuters.
While several telecom networks have migrated peripheral operations to public clouds, Telefonica’s move sets ...