The fifth-generation or 5G private networks, according to Verizon, will deliver economic benefits to Indian businesses, and the space internet service via a low-earth orbit (LEO) satellite system might be a game-changer for the economy.
“It’s an opportunity to bring this new technology (5G private networks) to markets like India to provide genuine economic benefits,” Robert Le Busque, Regional Vice President, Asia Pacific, Verizon Business Group, told a publication.
In a letter to the Department of Telecommunications last month, the Telecom Regulatory Authority of India (Trai) stated that private enterprises should be allowed, with mechanisms for corporations to lease necessary spectrum from a licensed organization.
However, the action has enraged telecom carriers, who argue that private enterprises should not be allowed to install captive networks, which are likely to represent a big income opportunity following the commercial implementation of next-generation networks.
A private network is a wireless technology extension that allows a dedicated local area network (LAN) to be created within a single premise or corporate facility for seamless communication.
Outside of the US, Verizon is betting on 5G captive networks, claiming to provide services ranging from strategy and planning to architecture design, deployment, and management.
“We’re working on the various proof of concepts (POC) focusing on how to maximize the value of technology,” the top executive added.
On the back of 5G-led potential, the New York-based telecom giant said it offers enterprise customers an awareness program to help them improve their operations, increase efficiencies, and create competitive advantages.
“We were the first in the world to install 5G and have unrivalled experience. We’ve previously done it successfully elsewhere in the world, and we can transfer that knowledge to India “Busque explained.
The enterprise segment accounts for about a third of Verizon’s $133 billion in annual revenue.
Companies in Asia are looking forward to a dynamic use case and on-the-go applications that enable them to flexibly transfer cloud-based workloads in a remote work culture setting, according to the Telco’s executive.
“The Asia Pacific has always been a digital-first region, always on the cutting edge and eager to adopt digital strategies and digital transformation, and a significant part of that is that they boost their digital investments to compete on a global level,” the CEO added.
The corporation stated that it will not attempt to acquire spectrum in Asia and that it regards 5G spectrum as a building piece if it is made available to businesses with a flexible attitude from regulators and governments.
In response to a question concerning the low enterprise investment, he stated that 5G private networks should not be viewed as a sustainability exercise, but rather as an innovation activity for which enterprises must set aside some funds.
Verizon has 5G infrastructure cooperation with Finnish Nokia for core and radio access network deployments, which the company claims can be used to create private networks across Asia.
“The Asian market, which includes India, is expanding by double digits. For the last two years, our Cyber security Company has grown at a rate of more than 30% year over year “Busque stated, “Years.”
The US carrier has also partnered with Amazon’s Kuiper network of low-earth orbit (LEO) satellite systems, which reflects a diverse network architecture that could further facilitate enterprise customers with low-latency communication while also bringing game-changing opportunities for the economy, according to the company.
Last October, Amazon’s Kuiper and Verizon partnered on mobile backhaul solutions that combined terrestrial mobile networks with Kuiper’s LEO satellite technology.