"A tryst with Industry 4.0" - Telefonica UK calls on FTSE bosses to participate in O2 5G Testbed trials.
Telefónica UK Limited ("O2") today has written to every Chief Executive of companies in the FTSE 100 Index to invite them to participate in O2's 5G Testbed trials, ahead of the UK's expected 5G launch from 2020.
The call for applications was today made by Mark Evans, O2's CEO. We "Fundarc-comm (xgnlab) termed this initiative "A tryst with Industry 4.0". Very intelligent and prudential move from telefonica, setting the larger perspective and truly in interest of 5G.
Under the ground-breaking 5G commitment, O2 aims to work with a number of FTSE 100 businesses to understand the processes and use cases that would benefit from 5G.
Apart from benefiting 5G development, this would range from improving efficiencies in supply chains and production processes to unlocking new 5G enabled revenue streams and enhancing customer experience.
The commitment comes as O2 states its belief in 5G 'to transform every corner of life and society' whilst making it accessible for businesses and consumers alike.
Derek McManus, who has overseen the introduction of both 3G and 4G throughout his career as O2's Chief Operations Officer, said: "5G is a brilliant way for the UK to turn promise into progress. This nation will thrive on the potential power of 5G."
O2, is the UK's principle campaigner for Mobile Britain. Speaking of the 5G opportunity, Mark Evans said: "Mobile, and specifically 5G, is one of the UK's most powerful opportunities to strengthen our economy, enrich our society and outperform on the global stage. Our national Testbed commitment is testament to this belief and we are excited by the value it could create for UK Plc."
The FTSE 100 businesses will need to express their interest by September 2018 and meet certain qualifying criteria to be considered for the opportunity.