Nokia starts deploying 5G monetisation solution for Vodafone in European countries

Finnish telecom gear maker Nokia has started deploying a 5G charging solution for British broadband and mobile network operator Vodafone in multiple European countries including the UK and Italy.

The Nokia Converged Charging (NCC) software being deployed for Vodafone is leveraging a cloud-based delivery model that enables “rating and charging for 5G services and enhances product and services delivery to customers”, said Nokia on Tuesday.

NCC operates as a containerised network function in a 5G standalone environment and this will allow Vodafone to tap new revenue streams from 5G services, including network slicing and flexible product offerings.

“It represents a full migration from legacy charging to 5G-ready next generation methods,” said Nokia.

Further, the Nokia Charging Solution is configurable and gives Vodafone the capacity to utilise the solution to fit consumer, enterprise, and new business models.

“5G enables many new services and with this new system, new ways to charge for them. By leveraging the scale of our pan-European and African networks, we can help customers manage factory equipment, open developer marketplaces using our APIs, and enable enterprises to offer bespoke products to their own customers,” said Alberto Ripepi, Chief Network Officer of Vodafone.

“As advanced 5G services start to become more widespread, our Converged Charging solution is very well-placed to help communication service providers and enterprises drive innovative 5G use cases and business models, and deliver significant operating efficiency improvements,” said Hamdy Farid, Senior Vice President, Business Applications at Nokia.