Cloud App Development

Telenor and Google Cloud Form Strategic Partnership

Telenor and Google Cloud Form Strategic Partnership.html
Telenor has signed a strategic partnership with Google Cloud to further explore areas of cooperation and define key strategic initiatives, advancing Telenor’s digital capabilities.   

Telenor continues to advance the modernisation of the telecommunications industry by digitalising and expanding its offerings - going beyond connectivity. As the network is increasingly software-based, Telenor is exploring how to leverage Google Cloud’s expertise in data management, machine learning and artificial intelligence (AI/ML), as well as the company’s infrastructure, to bring together the complimentary technologies to Telenor’s customers and society overall.

The partnership will provide Telenor with greater flexibility to meet its technology objectives. As part of the agreement, both companies will collaborate on key areas, including:

  • Strengthening Telenor’s technology capabilities to make an impact: Both companies aspire to transform and modernise Telenor���s IT and networks by looking into how Google Cloud’s services, global data centre network, and security capabilities can be used. Both companies will also look to drive better customer experiences by leveraging Google Cloud’s data, analytics and AI/ML intelligence technologies. Telenor and Google Cloud's collaboration aims to support customers and industries to face their digital transformation challenges.
     
  • Delivering growth through joint go-to-market activities: Telenor and Google Cloud will collaborate on expanding both horizontal and vertical services through joint go-to-market activities, creating new scalable revenue streams.
     
  • Joint innovations: Telenor and Google Cloud will innovate and enhance the capabilities of current and future products, develop new modern industry solutions and services, and drive cost efficiencies. This may include developments to the next generation of virtual network function and edge computing, focusing on IoT and 5G.
     
  • Bringing digital to all: Google Cloud and Telenor are committed to bringing digital to all customers. The two organisations will join forces to support these businesses, helping to get them online and guiding them through their digital transformations by providing access to support teams and next-generation solutions.  The aim is to look at how solutions are developed, how businesses are responsibly run, diverse ways of working and ultimately empower societies.

Telenor wants to work with leaders in the tech industry and stay committed to being at the forefront of modernisation and digitalisation. As connectivity is the foundation for building trust, we believe that together we can go beyond connectivity to enhance our offering to our customers with new and innovative solutions, whilst improving the overall experience of our current portfolio,”

 
Sigve Brekke, president and CEO of Telenor Group

“We are delighted to collaborate with Telenor to bring together the strengths of both our companies and accelerate innovation in the telecommunications industry. We look forward to further accelerating Telenor’s ability to digitally transform its customers’ businesses with infrastructure, industry solutions and technology expertise—all on the cleanest cloud in the industry,” said Thomas Kurian, CEO, Google Cloud.


About Telenor
Telenor Group is a leading telecommunications company across the Nordics and Asia with 172 million customers and annual sales of around USD 14 billion (2020). We are committed to responsible business conduct and driven by the ambition of empowering societies. Connectivity has been Telenor's domain for more than 160 years, and our purpose is to connect our customers to what matters most.  Telenor is listed at Oslo Stock Exchange under the ticker TEL.

About Google Cloud
Google Cloud accelerates organizations’ ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.




Spotlight

Other News
Cloud Infrastructure Management

The Manufacturing Sector Experiences More Attacks in the Cloud than Any Other Industry

PR Newswire: | January 19, 2024

Netwrix, a cybersecurity vendor that makes data security easy, today revealed additional findings for the manufacturing sector from its survey of 1,610 IT and security professionals across more than 100 countries. According to the survey, 64% of companies in the manufacturing sector suffered a cyberattack during the preceding 12 months, which is similar to the finding among organizations overall (68%). However, it turned out that the manufacturing sector experiences more cloud infrastructure attacks than any other industry surveyed. Among manufacturing companies that detected an attack, 85% spotted phishing in the cloud compared to only 58% across all verticals; 43% faced user account compromise in the cloud as opposed to 27% among all industries; and 25% dealt with data theft by hackers in the cloud compared to 15% for organizations overall. "The manufacturing sector relies heavily on the cloud to work with their supply chain in real time. This makes their cloud infrastructure a lucrative target for attackers — infiltrating it enables them to move laterally and potentially compromise other linked organizations, as happened to one the world's top meat processing companies. Credential compromise or malware deployed via a phishing email is just the beginning of the attack," says Dirk Schrader, VP of Security Research at Netwrix. "The attack surface in the cloud is always expanding, so it's critical for manufacturing companies to adopt a defense-in-depth approach," adds Ilia Sotnikov, Security Strategist at Netwrix. "First, they must rigorously enforce the principle of least privilege to limit access to sensitive data, which ideally includes just-in-time access to eliminate unnecessary entry points for adversaries. They also need to gain deep visibility into when and how critical data in the cloud is being used so that IT teams can promptly spot potential threats. Finally, they need to be prepared to minimize the damage from incidents by having a comprehensive response strategy that is regularly exercised and updated." To learn more about security trends, check out the complete 2023 Hybrid Security Trends Report. About Netwrix Netwrix makes data security easy. Since 2006, Netwrix solutions have been simplifying the lives of security professionals by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact. More than 13,500 organizations worldwide rely on Netwrix solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.

Read More

Cloud Storage

TRG Screen Announces Acquisition of Xpansion for Reference Data Usage Management

PR Newswire: | January 25, 2024

TRG Screen, the leading provider of enterprise subscription spend and usage management software, today announced it has acquired Xpansion, the leading provider of cloud-based solutions for reference data usage monitoring in the financial services industry. The acquisition of Xpansion will further solidify TRG Screen's position as a global market leader in market data management solutions. Xpansion – established in 2013 – is focused on empowering data operations teams to proactively manage their usage, control costs and optimize data workflows. Xpansion's offerings include Xmon, Xprocess and Xplore, and provide real-time analytics, giving clients unprecedented transparency, visibility and control into their reference data usage. This deal consolidates TRG Screen's unique position as the only provider of enterprise subscription management capabilities spanning the whole spectrum of market data optimization, from spend and inventory tracking, through to usage and enquiry management, exchange reporting and compliance. "Xpansion and TRG Screen have been partners for many years. Bringing Xpansion into the TRG Screen family is a very logical next step for both companies, given our strong relationship and shared view that the industry demand for integrated usage management solutions is going to continue to grow," said TRG Screen CEO Leigh Walters. "Xpansion is an established firm with excellent customer satisfaction and retention, and highly experienced and industry respected leadership. We are very excited at the opportunities this acquisition brings." "We are thrilled to be joining TRG Screen," said Xpansion co-founder and CEO Amjad Zoghbi. "Reference data usage is one of the most complex aspects of market data management, and managing it correctly is essential to maintaining contractual compliance and ensuring clients are right-sizing their usage based on actual consumption and business need. I'm very pleased that Xpansion's customers, and team, will now be part of the best-of-breed solution with the industry's leading provider of market data management solutions." The acquisition demonstrates TRG Screen's ongoing commitment to servicing the needs of market data consumers, vendors and exchanges. Financial terms of the transaction were not disclosed. About TRG Screen TRG Screen is the leading provider of enterprise subscription management solutions. Founded in 1998, TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. TRG Screen's solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions. TRG acquired Priory Solutions in 2016, Screen Group in 2018, Axon Financial Systems in 2019, Market Data Insights in 2020, and Jordan & Jordan's Market Data Reporting (MDR) business in 2021 and with these acquisitions is now positioned as the global market leader in the financial, legal, and professional services markets. TRG Screen's product portfolio includes subscription spend, usage, enquiry and compliance solutions. For more information visit trgscreen.com. Follow TRG Screen on LinkedIn, @TRG Screen, and on Twitter, @trgscreen. About Xpansion Xpansion delivers next-generation reference data solutions that empower financial institutions to streamline their reference data operations, reduce costs, enhance data quality, and improve data discovery. With a focus on customer satisfaction, continuous innovation and quick time to value, Xpansion is a trusted partner for financial institutions in the buy- and sell-side as well as solution providers in the industry.

Read More