Ericsson announces completion of Aduna transaction
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
an hour ago
- Arabian Post
Rate cut expectations drive markets to new highs
US markets have been hitting record levels this week, and the catalyst of growing conviction that the Federal Reserve will cut rates in September. The Dow surged 463 points on Wednesday, the S&P 500 notched another all-time high, and the Nasdaq also finished at a record for the second straight day. The optimism is being driven by a tamer-than-expected inflation report that has traders assigning a near 100% probability to a rate cut at the Fed's next decision. Add in a resilient earnings season, with even small caps showing renewed strength, and you have a market rally that is no longer confined to the usual megacap tech leaders. ADVERTISEMENT When the cost of borrowing falls, capital becomes cheaper for companies, financing becomes less of a drag, and equity valuations tend to expand. Lower rates also give consumers more room to spend, which can ripple quickly through corporate revenues. This is why rate expectations are such a potent driver of equity markets, and why we've seen the rally broaden beyond the so-called 'Magnificent Seven' to small- and mid-cap stocks, with the Russell 2000 gaining 2% on Wednesday alone. But this is not just a US story. The US is still the primary engine of global capital markets, and when Wall Street moves, liquidity, sentiment, and valuation re-rating tend to spill across borders. Emerging market equities, for example, often benefit disproportionately when US rates come down – capital flows in search of higher yields and growth potential can accelerate. Developed market exporters, particularly in Europe and Asia, can also see upside if a weaker dollar boosts their competitive position. The near-term picture, if the Fed does deliver in September, is a global risk-on environment. Equities would likely extend their gains, credit spreads could tighten, and certain currencies sensitive to growth and risk sentiment, such as the Australian dollar or the South African rand, may strengthen. Commodities tied to industrial activity, including copper, could get a boost as the growth narrative firms. Of course, markets rarely move in straight lines. The risk is that optimism runs ahead of reality, especially if economic data turns quickly or if central bankers signal that cuts will be more measured than investors hope. Inflation, while easing, has not disappeared, and the Fed will want to avoid the perception that it is acting too aggressively. For investors, this is a moment that demands both clarity and discipline. The broadening of the rally is a healthy sign – it suggests that markets are no longer reliant on a small cluster of giants – but it also means that opportunities are appearing in areas that have been overlooked for much of the past year. This includes sectors and regions that stand to benefit directly from a lower cost of capital and a potential reacceleration in global trade. It also calls for an awareness of currency implications. A Fed rate cut would likely weaken the dollar, which could enhance returns for non-US assets in dollar terms, but it could also introduce volatility in foreign exchange markets. Investors with global exposure need to understand how this might affect both portfolio performance and risk. We are entering a period where positioning ahead of policy moves can have a material impact on outcomes. The market is already pricing in a September cut – which means the real opportunity lies in anticipating how capital will reallocate once that cut is delivered. It's a question of identifying the sectors, asset classes, and geographies best placed to benefit in the first phase of easier policy, while also protecting against the possibility of a bumpier path than markets currently expect. The Fed's next move is not just about rates. It's about resetting the tempo of the global financial system after two years of aggressive tightening. As always, such a reset will create winners and losers – and the difference between them will come down to preparation. Nigel Green is deVere CEO and Founder Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
Zawya
5 hours ago
- Zawya
Cyberark achieves Cloud Service Provider security standard certification from DESC
Dubai, UAE – CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced that it has received Cloud Service Provider (CSP) certification from Dubai Electronic Security Center (DESC). This certification means that CyberArk has demonstrated compliance with the security standards required to be able to provide secure cloud services to the Dubai government and semi-government entities at this time. CyberArk continues to expand its portfolio of global certifications as part of a broader strategy to strengthen collaboration with governments worldwide and support their evolving cybersecurity mandates. This latest certification marks a significant step in the company's continued growth within the UAE. The CSP security standard is an essential part of DESC's initiative to strengthen cybersecurity across Dubai and is based on internationally recognized frameworks, such as ISO/IEC 27001. By meeting the stringent requirements of this standard, CyberArk is now able to offer SaaS identity security products to government organizations while helping to ensure that they meet local data protection and cybersecurity laws. As these organizations generate and handle growing volumes of sensitive data, they are prime targets for cyberattacks, making cloud security essential to safeguard their systems. 'Achieving the Cloud Service Provider Security Standard from DESC is a key step for public sector customers aiming to select CyberArk to secure their digital assets,' said Eduarda Camacho, Chief Operating Officer at CyberArk. 'This certification assures organizations in Dubai and across the UAE that CyberArk's cloud security services are recognized by the Government of Dubai as meeting security and compliance standards. As the emirate continues its digital transformation, CyberArk will help provide the secure, zero-trust based foundation organizations need to modernize and migrate to the cloud.' Obtaining CSP certification builds on the 2024 launch of UAE-based SaaS products from the CyberArk Identity Security Platform. It is another marker of CyberArk's ongoing commitment to developing solutions that meet the specific needs of customers around the world, enabling organizations to adopt CyberArk's AI-powered identity security platform while complying with data sovereignty requirements. The certification covers a range of cloud-based CyberArk products, which allow organizations to apply the right level of privilege controls to all identities, human and machine: CyberArk Privilege Cloud secures privileged access for IT and cloud ops teams, discovering roles and accounts and securing their use, for measurable risk reduction over time. CyberArk applies controls within native IT tooling, with unified support for vaulted credentials and Zero Standing Privileges across shared and federated access models. Identity Administration is the centralized user management function of CyberArk Identity Security Platform Shared Services, providing a single interface for provisioning users and setting up authentication for users of the Shared Services platform. Secure Infrastructure Access (SIA) is a non-intrusive, agentless SaaS solution that isolates and monitors privileged sessions to organizational assets wherever they are located. CyberArk's commitment to security and compliance is underscored by its work to meet industry certifications including FIDO2, ACN, SOC 2 Type 2 and SOC 3 and FedRAMP®. These certifications validate CyberArk's adherence to best practices in security, privacy, and governance, providing customers with the assurance that sensitive data and digital assets are protected by leading identity security solutions. About CyberArk CyberArk (NASDAQ: CYBR) is the global leader in identity security, trusted by organizations around the world to secure human and machine identities in the modern enterprise. CyberArk's AI-powered Identity Security Platform applies intelligent privilege controls to every identity with continuous threat prevention, detection and response across the identity lifecycle. With CyberArk, organizations can reduce operational and security risks by enabling zero trust and least privilege with complete visibility, empowering all users and identities, including workforce, IT, developers and machines, to securely access any resource, located anywhere, from everywhere. Learn more at Media contact Amina Wasim Wallis PR
Broadcast Pro
6 hours ago
- Broadcast Pro
OSN and The Trade Desk announce data-driven TV streaming alliance
OSN and TTD will offer businesses the opportunity to advertise their products and services to a growing base of premium content consumers across the region. OSN has entered into a partnership with global advertising technology leader The Trade Desk (NASDAQ: TTD), making it the first demand-side platform (DSP) to give advertisers direct access to OSNtv's premium programmatic video inventory. The collaboration allows brands to reach high-value audiences at scale across OSN's extensive library of Arabic and international content, including HBO, Warner Bros. Discovery and exclusive original productions, all within a premium, brand-safe and measurable environment. Commenting on the deal, Hamid Davari, Director of Advertising at OSN, said: 'At OSN, we're committed to innovation that enhances the advertising experience while maintaining the highest standards for our viewers. Partnering with The Trade Desk on our Advanced TV products allows us to open our premium inventory to brands in a way that is transparent, data-rich, and performance-focused.' Through The Trade Desk's platform, advertisers can now target engaged viewers on OSN's connected TV and addressable VOD products, delivering impactful storytelling in a high-attention format while gaining deeper insights to optimise campaigns for streaming audiences. Terry Kane, Managing Director of MENA at The Trade Desk, added: 'Connected TV has emerged as one of the most powerful digital advertising channels on the open internet. This partnership with OSN underscores our commitment to unlocking the region's premium inventory and empowering advertisers to make smarter, more data-driven decisions at scale.' OSN has been at the forefront of digital technology innovation in the Middle East introducing OSN on Demand, the region's first VOD service. The partnership marks a critical step forward in elevating the MENA digital ecosystem by bringing together OSN's rich content environment, high value direct-to-home (DTH) viewer base and The Trade Desk's cutting-edge technology. It offers advertisers access to a growing base of premium content consumers across the region.
