logo
  

Telenor Signs Strategic Collaboration Deal With Amazon Web Services For 5G Services

Norwegian telecom company Telenor ASA (TELNY.PK,TELN) Thursday announced that it has signed a strategic collaboration agreement with Amazon Web Services or AWS.

The deal would help expand its 5G core transformation and deliver new 5G and edge services to professional customers worldwide, which will increase data speed and reduce latency.

Under the agreement, Telenor and AWS will invest in joint go-to-market activities in select industries to enable more 5G and edge services for customers. The various industries include manufacturing, supply chain and logistics, and automotive.

Telenor said it will scale its cloud footprint, while innovating to develop new services that use a combination of the most advanced and secure cloud technologies from AWS.

The agreement further expands the existing collaboration between both companies, with Telenor also becoming a member of the AWS Partner Network.

As part of the collaboration, Telenor and AWS will continue to innovate on behalf of customers in the areas of 5G edge for mobile private networks or MPNs and edge computing.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Trade Commission or FTC, has sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. The retail giant is alleged to have looked the other way to pocket millions in fees while scammers took advantage of its failure to properly secure the money transfer services offered at Walmart stores. Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations. Tesla Inc. laid off about 200 employees in its Autopilot unit as the luxury electric car maker closed down its office in San Mateo, California as part of cost cutting efforts, reports said. The San Mateo office, where employees worked on improving the driver assistance systems, marketed as Autopilot, had about 350 employees before the cut.
RELATED NEWS
Follow RTT