Facebook Inc (NASDAQ:FB)’s Telecom Infra Project Signs Up More Members

Facebook Inc (NASDAQ:FB) is getting big names in the telecom and technology industries to dance to the tunes of its Telecom Infra Project (TIP). The new members that have joined the initiative include telecom giants Vodafone Group Plc (ADR) (NASDAQ:VOD) and Telefonica S.A. (ADR) (NYSE:TEF). On the technology side, Facebook has already got Nokia Corp (ADR) (NYSE:NOK) and Intel Corporation (NASDAQ:INTC) to back its TP initiative.

What about the TIP initiative?

Facebook Inc (NASDAQ:FB)’s TIP is an engineering oriented initiative that in a way seeks to promote uptake and innovation around software-defined network controls and solutions. As such, TIP membership comprises system integrators, infrastructure providers and infrastructure operators.

According to Facebook Inc (NASDAQ:FB), the collaboration between technology companies and telecom specialists should pave way for telecom networks that can move large amounts of data at higher speed but without increasing the cost of deploying and maintaining the networks.

Who are these members?

Facebook hasn’t disclosed how many partners it is hoping to bring together under TIP. However, TIP can be seen generating interest from a growing number of global tech and telecom companies. In addition to Vodafone and Telefonica, other new TIP members are South Africa’s telecom operator MTN, Indonesia’s Indosat and Axiata Digital of Southeast Asia.

Those who have signed up to Facebook’s TIP on the technology side include Broadcom Corporation (NASDAQ:BRCM) and Juniper Networks, Inc. (NYSE:JNPR).

Facebook Inc (NASDAQ:FB)’s TIP builds on the company’s Open Compute Project, which is another initiative designed to encourage cooperation among tech companies to accelerate innovation in the space with the hope of trimming operating costs and unveiling better solutions for customers.

TIP subgroups

To ensure that TIP pursues its goals without friction, the members have created three subgroups that revolve around Access, Backhaul and Core/management. Members have been selected to lead those groups depending on their core areas of focus. Facebook Inc (NASDAQ:FB) is chairing the backhaul subgroup and it also has a role in Core/management subgroup.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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