Senior Vice President, Technology Innovation and Ecosystem, Telefonica, Juan Lopez, has urged telcos to tackle the structural problems in the telecoms industry globally.
\nLopez made the call in Lagos last Friday, on a webinar organised by GSMA to discuss how 5G could\u00a0 deliver value beyond basic connectivity.
\nThe Tide\u2019s source reports that GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation that helps business and society to thrive.
\nThe theme of the webinar was \u201cUnlocking the Value of 5G: Beyond Connectivity\u201d.
\nHe said\u00a0 the industry experts needed to\u00a0 face the current situation of the telecom industry, which suffered structural problems that required a deep model transformation.
\nAccording to him, technology was already offering\u00a0 new capabilities that would\u00a0 enable a new wave of services and applications, which comes\u00a0 from third parties.
\nLopez urged telcos to key into this new capabilities to build the industry.
\nHe explained that the missing link was finding enablers to expose and monetise these capabilities.
\n\u201cAlso, the investment to deploy them will have to be backed by a sustainable model and thankfully the industry is already working to deliver solutions for this in the short term with initiatives like Telef\u00f3nica GSMA\u201d, he said.
\nSpeaking on 5G, he said since its initial deployment in 2019, 5G had rapidly expanded to 89 countries, reaching nearly 270 commercial launches worldwide, and achieving a remarkable 16 per cent\u00a0 market penetration.
\nHe said this achievement was\u00a0 a testament to the exceptional speed, responsiveness and versatility offered by 5G networks, enabling reliable and secure connections for a multitude of simultaneous users.
\nLopez, however, explained that 5G monetisation would create new opportunities in both traditional and new markets, including an innovative focus on digitalised operations in enterprise and industry.
\nAccording to him, the more businesses buy into 5G, the more telecom operators will gain from these offerings.
\nHe added that it was in their interest therefore, to accelerate 5G adoption in the B2B (Business to Business) sector.
\nLopez noted that telecom operators could become more proactive in demonstrating the value of 5G in the B2B sector and highlighting how this technology could\u00a0 meet specific client needs.
\nLopez said 5G had already demonstrated its value through enhanced, speed, reduced latency, and improved security.
\nHe explained that to justify the substantial investment in 5G, it was essential for it to succeed in both consumer and enterprise markets.
\nThe\u00a0 Head of GSMA Intelligence, Peter Jarich also noted that 5G continues to set the bar for the mobile broadband uptake.
\n\u201cIn the 5G era, making money is\u00a0 the name of the game\u201d, he said.<\/p>\n
According to him, to address 5G use cases and deliver its full potential\u00a0 to customers, its monetisation capabilities must evolve together with 5G network implementation.<\/p>\n
Jarich said the widespread adoption of 5G was\u00a0 driven by its adaptability to diverse industries and evolving use cases that demand the advanced capabilities it provides.<\/p>\n
He explained further that to ensure the survival of the industry, it was\u00a0 crucial to generate a return on the substantial investments made in 5G.<\/p>\n","protected":false},"excerpt":{"rendered":"
Senior Vice President, Technology Innovation and Ecosystem, Telefonica, Juan Lopez, has urged telcos to tackle the structural problems in the telecoms industry globally. Lopez made the call in Lagos last Friday, on a webinar organised by GSMA to discuss how 5G could\u00a0 deliver value beyond basic connectivity. The Tide\u2019s source reports that GSMA is a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-322506","post","type-post","status-publish","format-standard","hentry","category-icttelecom"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/322506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=322506"}],"version-history":[{"count":1,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/322506\/revisions"}],"predecessor-version":[{"id":322512,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/322506\/revisions\/322512"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=322506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=322506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=322506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}