Ericsson announced 12 global operators have completed a transaction to take a 50 per cent stake in API-focused subsidiary Aduna, officially establishing the business as a joint venture.

Ericsson stated it holds 50 per cent of the equity, while operators AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone have as expected taken the remaining stake combined.

Aduna became operational in September 2024, with a goal to create an ecosystem of companies also including hyperscalers, developers and other industry players committed to advancing APIs and establish a set of common interfaces based on the existing industry-wide CAMARA open source project.

It has also stated its work will be in-keeping with the GSMA’s Open Gateway initiative.

In addition to funding and commercial agreements, Ericsson stated the 12 operator shareholders will provide support through telecom operator relationships, knowledge of the developer community and expertise in network APIs.

Since its formation, Aduna has expanded its ecosystem, with operators including SoftBank Corp and NTT Docomo and five vendors including Microsoft and Syniverse the latest to join the effort.

Anthony Bartolo, who was named CEO of Aduna in January this year, stated closing the transaction was another important step for Aduna.

“In just ten months we have built an impressive ecosystem comprising the biggest names in telecoms and the wider ICT industry,” he said. “The closing provides renewed motivation for Aduna to accelerate the adoption of network APIs by developers on a global scale.”