MTN is part of a network of telecommunications companies looking for innovative technology startups.
Some of the world’s biggest telecommunications companies, including South Africa’s MTN, have formed an alliance aimed at developing tech startups to help innovation in the sector, they announced Thursday.
Members of the newly formed Alaian alliance are French telecommunications company Bouygues, Spain’s Cellnex Telecom, Dutch fixed and mobile telecommunications, KPN, MTN, Madrid-based Telefonica and Italy’s Wind Tre. Together, the companies have a presence in 50 markets.
MTN is the only African telecommunications company among the group of companies.
The alliance focuses on “reinventing the industry by discovering the most disruptive startups and the potential to give access to a network of 700 million customers”.
In a statement on Thursday, the companies called on startups that would benefit from support to reach global scale and be connected with the business units of telecom companies to create joint business opportunities.
Innovators would have the opportunity to test their solutions and access 5G labs.
Startups with 5G-based technology solutions are sought for the manufacturing and logistics, mobility, utilities and energy, metaverse, media, entertainment, gaming, and retail industries for the development of innovative solutions aligned with new technologies. Being part of the development will expose companies to equity investment and exposure to venture capital firms.
MTN’s head of strategy and transformation, Chika Ekeji, said innovative digital solutions are a big part of the company’s strategy and being part of the alliance will expose MTN to “partnering with startups that fit perfectly with our Ambition strategy.” 2025 of leading digital solutions”. to the progress of Africa”.
MTN, the leading telecommunications company on the continent, is involved in extensive infrastructure development in all of its markets, laying the groundwork for the deployment of new technologies such as 5G.
“This new alliance gives us the opportunity to meet new start-ups from different backgrounds, discover and share opportunities with companies that share the same challenges as us,” said Stephane Allaire, director of innovation at Bouygues Telecom.
Companies have until the end of May to apply to the program.