Skip to main content

New grant from NTIA focuses on accelerating O-RAN across multiple carriers and vendors globally

Written by Customer Service on . Posted in Public Companies.

WASHINGTON, Feb. 12, 2024 (GLOBE NEWSWIRE) — Today, Verizon, along with a consortium of industry carriers, vendors and developers, was awarded a grant from the National Telecommunications and Information Administration (NTIA) to drive testing and evaluation of O-RAN compliant wireless infrastructure. The work of this consortium will focus on refining and driving standards, equipment and interoperability to accelerate O-RAN across the globe, especially as it relates to multi-vendor performance. The award of $42.3 million is made under the Public Wireless Supply Chain Innovation Fund created by Congress.

“We applaud the NTIA, Congress, and our industry partners who have recognized the need for advancing innovation, interoperability and supplier diversity within the telecommunications industry and have brought together a consortium of carriers, vendors and developers to directionally advance this important technology evolution. The transition to Open RAN has the potential to bring many benefits in terms of deployment flexibility, faster innovation in an open environment, and greater service options by increasing the opportunity for new entrants to provide competitive and advanced solutions. The work resulting from this grant will drive the evolution of multi-vendor ORAN capabilities to a level of reliability and performance our customers have come to expect. More competition, more innovation, exceptional performance, and increased supplier diversity will all be net benefits to operators and customers. We are pleased to join AT&T in leading this consortium to build on the substantial work we have driven in this area and drive adoption across the industry at scale.”

– Joe Russo, EVP & President, Global Network and Technology

MEDIA CONTACT:
Karen Schulz
864.561.1527
Karen.schulz@verizonwireless.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.