What's Happening?
Ooredoo Group, a telecommunications company based in Qatar, has announced a collaboration with Aduna, an Ericsson-led open network API joint venture. This partnership aims to make Ooredoo's open network APIs available to businesses across the Middle East
and North Africa (MENA) region and globally through the Aduna platform. The initiative will allow banks, fintech firms, e-commerce platforms, and digital service providers to integrate with Ooredoo’s standardized open network APIs, which include services like identity verification, SIM swap, KYC, payments, and communications. Ooredoo plans to gradually onboard its operating companies into the Aduna ecosystem by 2027, providing a single point of access to its digital capabilities for global developers and enterprises.
Why It's Important?
This collaboration is significant as it represents a strategic move by Ooredoo to capitalize on the global API economy. By opening its network APIs, Ooredoo is enabling innovation and new revenue models across various industries. This move is expected to facilitate secure, cross-border digital transactions without the need for complex integrations or multiple local agreements. The partnership with Aduna is part of Ooredoo's broader strategy to enhance its digital offerings and expand its market reach, potentially leading to increased business opportunities and revenue streams.
What's Next?
Ooredoo will continue to integrate its operating companies into the Aduna ecosystem over the next few years. This gradual onboarding process is expected to enhance the accessibility and utility of Ooredoo's digital capabilities for businesses worldwide. As the collaboration progresses, it may lead to further innovations in digital services and increased competitiveness in the telecommunications sector.
