verizon: Enterprises can unlock economic value by deploying private 5G networks, says Verizon

Verizon, the US-based telecom operator, said fifth-generation or 5G private networks would bring economic benefits to Indian companies, and space-based broadband delivery through a low-Earth-orbit satellite system (LEO) could be a game-changer for the economy.

“This is an opportunity to bring these new technologies (5G private networks) to markets like India to create real economic benefits,” Robert Le Busque, regional vice president, Asia-Pacific at Verizon, told ET. Business Group, adding that businesses could realize efficiencies. and competitive advantage.

Last month, the Telecommunications Regulatory Authority of India (Trai), in its submission to the Department of Telecommunications, said private companies should be allowed, with provisions allowing companies to obtain spectrum necessary on the basis of a rental from an approved entity.

The move, however, angered telecom operators who say private companies should not be allowed to deploy captive networks, which should be a significant revenue opportunity after the commercial deployment of next-generation networks.

A private network is an extension of a wireless technology for creating a dedicated local area network (LAN) in a specific office or business facility for seamless connectivity needs.

Verizon is banking on 5G captive networks outside the U.S. market and said it offers a full lifecycle from strategy and planning to design, deployment and architecture management services.

“We are working on several Proof of Concepts (PoCs) focused on how to maximize the value of the technology, to make large enterprises understand what competitive advantage we can provide them with a cutting-edge and competitive landscape,” said the leader.

The New York-based telecommunications company said it provides awareness programs to business customers and helps their way of operating, increasing efficiency and creating competitive advantages through 5G-related opportunities.

“We are the first to deploy 5G anywhere in the world, and have unrivaled expertise. We have done this before with great maturity elsewhere in the world, and can bring that knowledge to India,” Busque said. .

The business segment contributes nearly 30% of Verizon’s annual revenue of $133 billion.

The telecom company executive further said that networks are changing drastically and Asian enterprises are looking forward to a dynamic use case and mobile applications that allow them to flexibly move network-based workloads. cloud in a remote work culture environment.

“Asia-Pacific is still a digital-first and leading-edge region with ambition to embrace digital strategies and digital transformation, and the big part of that is that it is increasing its digital investments to be globally competitive,” the executive said.

The company said it would not seek to acquire spectrum in Asia and added that it sees 5G spectrum as a building block if it is made available to businesses with regulators and governments taking a flexible view. .

Asked about low corporate sector spending, he said private 5G networks could not be treated as an exercise in sustainability, but should be viewed as an innovation activity for which companies need to set aside capital.

Verizon has a partnership with Finland’s Nokia for 5G infrastructure for core network and radio access deployments that it says can be leveraged in the Asia region to deploy private networks.

“The Asian market, including India, is experiencing double-digit growth. We are seeing an increase in cybersecurity business growing more than 30% year-over-year over the past two years,” Busque said.

The US carrier also partnered with Amazon Kuiper’s Low Earth Orbit (LEO) satellite network and said it reflected a diverse network architecture that could further facilitate enterprise customers with low latency communication. and provide game-changing opportunities for the economy. .

In October last year, Amazon’s Kuiper and Verizon collaborated to combine terrestrial mobile networks with Kuiper’s LEO satellite system for mobile backhaul solutions.

(The author is in London at the invitation of Verizon Business Group)