Historic API venture announces CEO

Company Overview - Aduna is a new venture formed by global telecom providers and Ericsson, aimed at revolutionizing the network API market [1][7] - The company's name, Aduna, is derived from the Latin word meaning "many entities uniting as one" [1] - Aduna's initial partners include major telecom operators such as América Móvil, AT&T, Bharti Airtel, Deutsche Telekom, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, and Vodafone [7] Leadership and Vision - Anthony Bartolo has been appointed as the CEO of Aduna, bringing over 30 years of experience in scaling global businesses and driving commercial strategies [2] - Bartolo previously served as COO at Vonage and Bandwidth, and as Executive Vice President and Chief Product Officer at Avaya, where he led the transition to a SaaS-based business model, resulting in an 11-fold increase in annual recurring revenue [3] - Bartolo's leadership at Tata Communications included expanding the company's global footprint and securing strategic partnerships [4] - Aduna's vision is to provide developers with ubiquitous access to open, programmable network functionality through common APIs, enabling global hyperscale innovation and value creation for enterprises and the telecom industry [5][6] Business Strategy and Market Impact - Aduna will combine and sell network APIs globally, aiming to make new applications work seamlessly across any network, thereby accelerating developer innovation [5] - The venture will provide network APIs to a broad ecosystem of developer platforms, based on the existing CAMARA APIs, which are widely used across the industry [5] - By offering standardized network APIs, Aduna aims to enhance user experiences, open new revenue streams, and drive industry growth [7] - The venture is expected to close later this year, pending regulatory approvals and customary conditions [6] Industry Collaboration - Aduna represents a collaboration between Ericsson and leading global telecom operators, signaling a unified effort to redefine the telecom industry through network APIs [7][8] - The venture is set to usher in a new era of digital services by promoting collaboration and innovation across the telecom ecosystem [7]