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- by manilatimes.net
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Ericsson announces completion of Aduna transaction
Aduna now a 50:50 joint venture: 50 percent owned by Ericsson and 50 percent owned by twelve communications service providers (CSPs) Aduna has been operational since its formation announcement on September 11, 2024 Aduna ecosystem comprises CSP, major developer platform companies, global system integrators (GSI), communication platform as a service (CPaaS) companies, and independent software vendor (ISV) partners STOCKHOLM, July 29, 2025 /PRNewswire/ -- Today, Ericsson (NASDAQ: ERIC) announces the completion of the equity investments by twelve global communication service providers (CSPs) into its subsidiary Aduna, formally establishing Aduna as a 50:50 joint venture. Aduna was created to combine and sell aggregated network Application Programming Interfaces (APIs) globally. It has been operational since the deal signed on 11 September 2024.