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

Verizon, the US-based telecom carrier said that fifth generation or 5G private networks would bring in economic benefits to Indian enterprises, and the space broadband offering through a low-earth orbit (LEO) satellite system could be a gamechanger for the economy.

“It is an opportunity to bring these new technologies (5G private networks) in marketplaces like India to create real economic benefits,” Robert Le Busque, Regional Vice President, Asia Pacific at Verizon Business Group told ET, adding that the enterprises could achieve efficiencies and competitive advantage.

Last month, the Telecom Regulatory Authority of India (Trai) in its views to the Department of Telecommunications said that private enterprises should be allowed, with arrangements for companies to obtain necessary spectrum on a leasing basis from a licensed entity.

The move, however, irked the telecom carriers who say that private companies should not be allowed to deploy captive networks which is expected to be a significant revenue opportunity following the commercial rollout of next generation networks.

A private network is an extension to a wireless technology for the creation of a dedicated local area network (LAN) within a specific premise or business facility for seamless connectivity needs.

Verizon is banking on 5G captive networks outside the US market, and said that it offers an entire lifecycle from strategy and planning to architecture design, deployment and management services.

“We are working on several proof of concepts (PoC) focusing on how to maximize value of technology, to make large enterprises understand what competitive advantage we can provide to them with a cutting edge and competitive landscape,” the top executive said.

The New York-based telecom company said that it offers awareness programs to enterprise customers, and helps the way they operate, increase efficiencies and create competitive advantages on the back of 5G-led opportunities.

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

Enterprise segment contributes nearly 30% to Verizon’s annual revenue of $133 billion.

The telco’s executive further said that networks are changing dramatically, and companies in Asia look forward to a dynamic use case and applications on the go that enable them to flexibly move cloud-based workloads in a remote work culture environment.

“Asia Pacific is always a digital-first region and on the frontfoot and ambitious to adopt digital strategies, and digital transformation, and the big part of that is that they up their digital investments to compete on a global level,” the executive said.

The company said that 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 enterprises with regulators and governments taking a flexible view.

On asking about the low enterprise sector spend, he said that 5G private networks could not be treated as a sustainability exercise but should be looked at as an innovation activity for which companies must set aside some capital.

Verizon has a partnership with Finnish Nokia for 5G infrastructure for the core and radio access network deployments which, according to it, can be leveraged in the Asia region to deploy private networks.

“Asia market, including India, is growing in the double digits. We are seeing an increase in Cybersecurity business growing at more than 30% year-on-year basis for the last two years,” Busque said.

The US carrier has also partnered with Amazon Kuiper network of low-earth orbit (LEO) satellite system, and said that it reflects a diverse network architecture that could further facilitate enterprise customers with low-latency communication, and brings 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)


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