Tag Archives: telefonica

Telefonica, Huawei and UPM Trial Quantum Cryptography

Telefónica, Huawei and UPM perform a groundbreaking field trial applying quantum cryptography on commercial optical networks to provide secure communication services

TelefónicaHuawei, and UPM (Universidad Politécnica de Madrid) have performed a groundbreaking field trial, the first one worldwide, demonstrating the application of quantum cryptography on commercial optical networks, and their operational integration by means of Software Defined Networking (SDN) technologies.

It is an advanced research pilot of secure communication services based on quantum technologies that Telefonica could provide to its customers in future. As Juan-Ignacio Cirac, distinguished physicist specialized in quantum computing and member of the Telefónica Board, says: “We can make a random bit sequence to appear at one place and simultaneously at another one, without making it pass in between. It is sort of magic, but something that Quantum Physics predicts. It is a way of exchanging secure keys that we have to make the most of, since it cannot be hacked”.

All secure communications are based on the use of cryptography, so data are encrypted using a secure key in a way that only those knowing that key can decrypt the messages exchanged among them. Current cryptographic techniques for key generation are based on highly complex mathematical problems, that require long calculations to be resolved. As computational capacity grows, the time required to solve these problems becomes shorter, reducing the security of the keys.

The continuous growth in computational capacity has required a steady increase in key sizes and the complexity of key generation algorithms. And these techniques can become completely futile with the advent of quantum computers, able to apply the principles of Quantum Mechanics to resolve problems considered unsolvable so far, including breaking the keys used by current methods, thus rendering most of our security infrastructure useless.

As Diego R. Lopez, Head of Technology Exploration & Standards in Telefónica’s Global CTIO Unit, states: “We have been working to develop a field trial that demonstrates the provision of secure communication services based on QKD (Quantum Key Distribution) using a commercial SDN-managed optical network infrastructure”.

Quantum technologies themselves provide a solution to this vulnerability of current cryptographic key generation methods. Quantum principles can be applied to exchange a key between the two ends of a communications link, so that this key remains secure with respect to any attack, and any attack attempt becomes detectable. This technique, known as Quantum Key Distribution (QKD), not only provides protection against the threat posed by quantum computation to current cryptographic algorithms, but it can also provide a much higher security level for any exchange of data. However, QKD requires a high-quality optical fiber physical infrastructure, and Telefónica is very well positioned to provide services based on this technology.

María Antonia Crespo, Director of Transport and IP Connectivity in Telefónica Spain remarks: “Telefónica Spain’s optical network, in combination with our high-capacity photonic transmission systems, offer the required performance to provide secure channels based on quantum communication. This enhanced security is a key enabler for next generation networks, flexible, virtualized and software-defined”.

Up to now, QKD feasibility was demonstrated in laboratories and restricted field trials (as the one Telefónica and UPM performed back in 2009, demonstrating quantum key exchange over a fiber metro ring), but the actual deployment on commercial infrastructures and the integration with their operational procedures was still a pending issue. The installation in production facilities and using standard telecommunication systems is a first of its kind demonstration, which shows the capacity of the technology to reach real-world level of usability.

“The ability to use new network technologies like SDN, designed to increase the flexibility of the network, together with new QKD technology is what allows us to really converge quantum and classical networks on the existing optical fiber infrastructure.  Now we have, for the first time, the capability to deploy quantum communications in an incremental way, avoiding large upfront costs, and using the same infrastructure”, remarks Vicente Martin, Head of the Center for Computational Simulation who leads the team at UPM.

The field trial relies on a novel “Continuous Variables” (CV) QKD technology. A particular feature of the tested devices is that they are flexible, software-controlled ones. The systems are optimally adapted to a seamless integration in the dynamical environment of SDN and Network Function Virtualization (NFV) networks, where the creation and modification of the optical fiber paths and required encryption, follows commands received over software-based control interfaces. The latter functionality is ensured by integrating the CV-QKD devices with standard Optical Transport Network ones. The full scale QKD and SDN-NFV integration opens the way of providing high level security of novel flexible but critical infrastructures.

Momtchil Peev, Huawei Project Leader of the Quantum Communication Project in Munich observes: “The test CV-QKD devices that we present here have the inherent CV advantages: they do not need (ultra) low-temperature (bulky) Single Photon Avalanche Detectors and can (potentially) reuse classical optical coherent communication technology. Moreover instead of addressing performance records alone we have chosen a flexible design focusing on control and key delivery interfaces, showing the feasibility of more seamless future integration into modern networks”.

The field trial employs the optical infrastructure provided by Telefónica Spain, connecting three different sites within the Madrid metropolitan area where software-controlled CV-QKD devices, developed by the Huawei Research Lab in Munich in collaboration with UPM are installed, together with SDN-based management modules developed by Telefónica’s

GCTIO Network Innovation team and the components required to integrate QKD with NFV and SDN technologies developed by UPM. The combination of all these elements made possible the demonstration of the use of QKD techniques in a real production environment, combining classical data and quantum key transmission on the same fiber, and shows how these services can be managed and used by different applications.

Source: Telefonica


Telefónica joins efforts with the 5G Automotive Association


  • Telefónica becomes a member of the 5GAA contributing to the cross industry association efforts to boost developments in the connected and autonomous car arena


Telefónica have annouced  its active participation in the 5G Automotive Association (5GAA). The company joins a group of other leading telecommunications and automotive companies with the objective of accelerating the penetration of mobility services such as connected and autonomous car and intelligent road infrastructures.

The association main activities include defining use cases, selecting technology and establishing way ahead, initiating standardization, addressing specific needs of vehicle-to-x in terms of connectivity and leading innovation and development projects. Along with this initiative, Telefónica is also actively participating in the European Automotive-Telecom Alliance (EATA) which objective is to promote the wider deployment of connected and automated driving in Europe.

Dino Flore, General Director of the 5GAA: “We are very excited to have Telefónica as new member of 5GAA. Telefónica expertise and background will greatly benefit the association in its mission to define truly global, end-to-end connected mobility solutions”

Telefónica has been working in the connected car space for several years now and has communications and IoT solutions deployed in a large number of vehicles in several countries around the globe.

Furthermore, the company, in cooperation with Ericsson, presented the world´s first 5G remote driving concept at MWC proving certain aspects of this technology, such as reliability, high speed and low latency, which will transform the automotive industry.

As Vicente Muñoz, Telefonica´s Chief IoT Officer says: “We are delighted to join the 5GAA to bring all our efforts on the 5G technology to the automotive industry. We recently showcased our recent progress in 5G with our connected car demo at MWC in Barcelona and continue to work in this arena to make things move faster”.

Source: Telefonica

Telefónica and Project Loon collaborate to provide emergency mobile connectivity to flooded areas of Peru

Within 72 hours, mobile internet connectivity was deployed to thousands of people in the most affected areas of the country.


  • Telefonica and Project Loon have been in technical trials in Latin America since 2014 to bring internet to remote areas.

Lima, May 17th, 2017. Through a joint collaboration agreement, Telefónica Peru and Project Loon join forces to provide mobile internet connectivity emergency relief during the catastrophic floods in Peru.

During March and April of this year, a series of floods and rainfall known as “Coastal El Niño” caused serious damage to public infrastructure, including telecommunication networks. The events affected hundreds of thousands of people in a widespread area. In situations like these, connectivity services are particularly crucial and Telefónica Peru immediately focused on re-establishing communications services.

As part of this effort, Telefónica Peru and Project Loon agreed to expand the scope of our ongoing technical trials in the country to provide temporary relief to the affected populations.

In less than 72 hours, Project Loon’s balloons, which fly at 20 Km up in the stratosphere, started to provide mobile internet connectivity to tens of thousands of people in the most affected areas in the center and northwest of the country, the highlands of Lima, Chimbote and Piura.

This is the first time that balloon powered internet has connected tens of thousands of people. The joint trials in previous months had focused on integrating Project Loon’s technology into Telefónica’s network to connect people to the internet in remote areas but this was the first wide and successful scale trial directly to people’s phones.

This effort was an exceptional demonstration of the ability to collaborate between both companies during this crisis.

Telefónica and Project Loon provided basic Internet connectivity to more than 40,000 Km2 of the country, providing over 160 GB worth of data –enough to send and receive roughly 30 million WhatsApp messages, or 2 million emails.

This action was part of diverse initiatives that Telefónica executed to keep operating services and collaborate with authorities to alleviate the situation. Among these, the company gave free calls via public telephony and unlimited text messaging, and led the “TeleFon”, an initiative to provide aid to survivors with the participation of more than 110,000 Peruvian clients of the mobile industry.

Dennis Fernández, Vice-president of Strategy and Regulatory Affairs of Telefónica Perú, said: “The company focused on bringing the best connectivity support in these emergency situations, especially in the most affected areas. It was a complex logistical challenge to attend all the needs in those extreme circumstances”.

In addition to Peru, Telefónica and Project Loon have been in other technical trials in Latin America since 2014 to bring internet to remote areas.

Source: Telefonica





Telefónica presents the first mobile LTE network running on just 40 grams of hardware

Innovation implemented for rescue teams, retail and small companies

  • The demo shown at the Telefónica MWC2017 stand is LTE Nano for Rescue Teams, where it can be seen an autonomous & portable LTE Network in a small backpack, providing support for completely private communications for a rescue team and all its tools.
  • This innovation initiative counts amongst its elements the Quortus EdgeCentrix (ECX) Enhanced Packet Core, one of the most efficient software implementations in the market for a virtualized 4G core.

Madrid, Tuesday, March the 1st, 2017.- Telefónica presents today, at the Mobile World Congress in Barcelona, an innovation initiative called LTE Nano that provides all the functionality of an autonomous LTE network in an extremely small scale.

This innovation, an evolution of the former project “LTE in a Box” presented at the MWC2015 that brought all the benefits of private critical LTE communications to the corporate world, will allow to bring the same advantages to new scenarios where small scale, low consumption and portability are paramount.  LTE Nano runs on a 40 grams SBC (Single Board Computer), on a Quad Core Cortex™-A53 processor and 2GB of RAM.

For the LTE Nano Project, Telefónica has integrated several components, one of the most essential being the EdgeCentrix virtual Enhanced Packet Core (vEPC) solution from Quortus, one of the most efficient and scalable software implementations of a mobile network functionality, able to run the essential elements of both 4G and 3G networks, including voice and data communications, with minimum HW requirements.

Among the sample scenarios where LTE Nano could be useful, we can mention the following:


  • LTE Nano for Rescue Teams. An autonomous and portable LTE solution in a backpack, providing critical LTE communications in isolated places with no pre-existing coverage and difficult Access.
  • LTE Nano for Retail. This solution would allow to provide private and quality guaranteed LTE based communications in retail environments, useful for digital signage, security surveillance solutions, Wireless Access to sales and backend applications from tablets, group comms, etc.
  • LTE Nano for the Office. Similar to the retail concept, this solution would provide quality assured and interference free LTE communications for small office environments, which could be used for voice communications, surveillance solutions and quality wireless access to the office intranet.
  • Embedded LTE Networks: the small scale of the LTE Nano implementation will enable the possibility of embedding LTE functionality in devices like a Femtocell, Customer premises equipments, or any other customer’s device with the necessary computing capacity.

All these scenarios include the well-known Quality of Service provided by LTE networks in licensed spectrum which guarantee the absence of interferences and the security of communications, typical characteristics of regulated environments.

The scenario chosen to be showcased at the Telefónica MWC2017 stand will be LTE Nano for Rescue Teams, where an autonomous LTE network in a backpack will be shown, providing portable LTE communications to the members of the rescue team and its search tools.

We will see:

  • A drone with an LTE enabled camera transmitting video.
  • Several tablets connected to the LTE backpack watching the video stream coming from the drone.
  • Voice over 4G (VoLTE) for closed Group communications.

The Video Streaming functionality is hosted on the same LTE Nano hardware, thanks to an ultra-optimized video solution implemented by Accenture Digital and its critical video specialist team, that has been working in making the streaming solution to run in the remaining capacity available at the LTE Nano SCB.

According to Javier Gutiérrez, director of Network Strategy and Development at Telefónica  España, “This innovation initiative is in line with our current efforts in bring the benefits of the latest generation of  LTE communications to all our customers, enabling services that were not possible before and helping said customers in finding new revenues for their businesses. In this scenario, the combination of the highly efficient virtualized solution from Quortus and the benefits of a licensed LTE spectrum, is helping us in pushing the limits of what we thought possible and bring the reliability, quality, and security of LTE communications to completely new markets. Quortus has proven to be an excellent innovation partner in pursuing these objectives”.

Andy Odgers, Quortus Founder and CEO, commented: “The emergence of initiatives such as Multefire and CBRS illustrate the rising interest in the use of cellular technology in a private context. The rising demand for reliable, secure connectivity exists across a range of enterprises, rural and remote settings and in the public safety arena. LTE Nano takes this to its logical conclusion, providing a completely discrete network which can be rapidly deployed anywhere. Telefónica, thanks to its innovative approach and strong customer orientation, is one of the most advanced operators in developing this kind of scenarios. We are proud to have been selected by Telefónica as a key component of LTE Nano.”


About Telefónica

Telefónica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.

The company has a significant presence in 21 countries and a customer base of over 349 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.

Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 5,037,804,990 ordinary shares traded on the Spanish Stock Market and on those in London, New York, Lima, and Buenos Aires.


About Quortus

Quortus enables flexible, agile mobile communications networks that provide a foundation for innovative services tailored to a diverse range of end customers. Its award winning EdgeCentrix (ECX) virtualized mobile core solutions help increase operator margin and ‘stickiness’. They interwork gracefully with existing mobile networks, with small cell and HetNet architectures and with standard IT infrastructure, to create truly integrated communications platforms. Quortus’ ECX products are highly scalable and can be hosted anywhere – in the cloud, at the network edge, or deeply embedded alongside a cellular radio in a single-chip implementation.



Source: Telefonica

Telefónica becomes Nestlé’s worldwide IoT communications provider


Telefónica Business Solutions, a leading provider of a wide range of integrated communication solutions for the B2B market has signed an agreement with Nestlé, the world’s leading nutrition, health and wellness company, to provide IoT communications in more than 50 countries for their Nestlé Professional coffee solutions, aiming to support the company´s  digital transformation.

Nestlé’s main objective is to monitor the coffee solutions’ parameters to optimize customer experience and increase business efficiency. To do this, they have integrated Telefónica’s Smart m2m Solution, a best-in-class platform to manage and control IoT communications developed entirely by Telefónica, which is already serving more than 2,500 customers globally, across all industries. New Nestlé Professional coffee solutions will incorporate the telemetry solution while legacy versions will have an add-on module that will provide them with the same capabilities.

Telefónica will provide Nestlé with best global IoT connectivity, enabling Nestlé Professional to interact with their coffee solutions. Nestlé will be able to control all key solutions’ parameters, optimizing the end user experience – for example adjusting the coffee taste. Additionally, Nestlé operations will be more efficient thanks to remote configuration and predictive maintenance models.

Henri de Roo, Global Head of Business Applications, at Nestlé commented: “Telefónica enabled us a new way of communicating and interacting with our coffee solutions at a global scale, allowing us to personalize our customer experience. We trusted their capabilities to deliver this project and they were able to respond to our needs beyond their own network footprint.”

José Luis Gamo, Telefónica Business Solutions’ European Corporates & Multinationals Director, stated: “This key commercial deal demonstrates our global reach and enduring relationship with Nestlé who has trusted Telefónica this time to provide cutting-edge connectivity across the globe. We aim to empower all-sized companies with prominent communications to help them lead the digital revolution ahead and consequently better serve their own customers”.

Source: Telefonica

Valencia’s Mestalla Stadium uses LTE networks for significantly faster data uploads


Telefónica and Nokia deploy an innovative solution to expand network speed data transfer in Mestalla stadium

  • It allows improving data transmission up to 50% during football matches.
  • Leveraging base stations co-operation in the LTE networks. 

Telefónica and Nokia have reached an agreement and equipped Valencia’s Mestalla Stadium with an innovative technical solution, Nokia Centralized RAN, which optimizes the data network and increases about 50% the photographs and videos transmission speeds during football matches.

Telefónica is the first operator in Spain to deploy this solution improving data service for football fans.

The Mestalla stadium can accommodate up to 50,000 spectators who use their mobile devices to share photos and videos, mostly on social networks. The Nokia Centralized RAN solution facilitates the transmission and prevents network congestion by combining multiple base stations that co-operate with one another and increase the average uplink capacity in existing LTE networks enabling data upload significantly faster.

It also improves download speeds and extends the battery autonomy as devices no longer need to transmit at high power.

As commented by Joaquín Mata, Network Technology and Operations Director at Telefonica Spain: “Telefónica remains committed to building a cutting-edge network infrastructure in Spain, and to using innovative solutions that offer outstanding service quality. With Nokia, we are improving mobile broadband performance at Mestalla Stadium so our customers can share content with greater agility.”

Agustín Menchén, Telefónica Spain Account Head for Mobile Networks at Nokia, said: “Major events impose high demands on mobile operators, but with the right vendor and solutions, it is possible to meet the needs of large numbers of people in small areas. Nokia Centralized RAN will help Telefónica build a denser LTE network to deliver higher capacity and more robust services.”

Source: Telefonica

NB-IoT Forum is preparing to take off

The NB-IoT forum will bring together all of the industry and ecosystem partners in a way which helps deliver NB-IoT to the market as quickly as possible. The forum will be hosted within an existing industry level organisation.

NB-IoT is the emerging industry solution for deployment of Low Power Wide Area (LPWA) networks using licenced operator spectrum, in-band, guard band and stand-alone deployments, and is expected to have global scale. The new technology is designed to provide deep coverage of hard to reach places, supporting a massive number of low throughput, ultra-low cost devices, with low device power consumption and optimised network architecture.

The NB-IoT forum aims to:

  • facilitate demonstrations and proof of concept trials which strengthen the NB-IoT solution to meet LPWA requirements;
  • lead partners to build a strong end-to-end industry chain for NB-IoT future growth and development;
  • drive and proliferate NB-IoT applications in vertical markets for new business opportunities;
  • promote collaboration between all NB-IoT industry partners to ensure interoperability of solutions.

China Mobile, Etisalat, LG Uplus, Shanghai Unicom, Telecom Italia and Vodafone also announce their support for the creation of six new NB-IoT open labs worldwide, which will focus on NB-IoT new service innovation, industry development, interoperability tests and product compliance certification.

It is expected that these labs and others will form a key part of the NB-IoT forum initiative. New use cases and business models will be explored in these open labs, and results will be shared with the whole industry.

Customer pilots using pre-NB-IoT technology are already underway. Pre-commercial deployment is expected during the second half of 2016, with commercial roll-out from early in 2017. The NB-IoT forum and the open labs will help to drive the development of the NB-IoT industry to the next stage.

The detailed scope, format and objectives of the forum will now be worked on, with membership extended to further companies in future.

Source: Vodafone

First ‘Smart Dress’ that uses environmental data to predict the wearer’s emotions revealed by Telefónica R&D


  • The ‘Environment Dress’ is the winner of “Next Things 2015 – Behaviour”, the Fourth Global
    Art and Technology Challenge, presented by Telefónica R&D and LABoral Centre for Art and
    Industrial Creation
  • The dress was awarded for linking art, design and style with Internet of Things and machine
    learning technology

Telefónica R&D has announced the first ‘Smart Dress’
prototype that can accurately capture information about surrounding elements and analyse how it affects people’s emotions.

The ‘Environment Dress’ collects a wide set of data, including temperature, infra-red and
ultraviolet radiation, carbon monoxide and noise, then determines what environmental and
behavioural patterns the wearer is experiencing. The dress then alerts the wearer of the
potentially elevated presence of external agents.

The wearable, created with open source hardware and software, is the winning project from “Next Things 2015 – Behaviour”, the Fourth Global Art and Technology Challenge, presented by
Telefónica R&D and the LABoral Centre for Art and Industrial Creation. The challenge sets out to
foster cross-discipline collaboration between the artistic, creative and technology communities.

In the near future the ‘Environment Dress’ is expected to geo-locate and share data with users
online for global accessibility. The creators are also working on a mobile application that will allow wearers to manage and personalise their parameters (lights, alarm systems, etc.).

The dress will also be able to indicate how the user is feeling at any given moment. Through
machine learning it will continuously learn from the measurements it takes and associate those
with the wearer’s emotions and moods. This means that in the future, the dress may be able to
predict certain moods and associate them with changes occurring in the wearer’s environment
such as changes in atmospheric pressure or increased noise.


Samsung & Telefonica collaborate to develop new products & services for the IoT



The Spanish R&D division of Samsung Electronics Iberia
and Telefónica I+D have formed a collaborative partnership to samsungfurther research into new
technologies and the development of use cases for the Internet of Things (IoT). Both
companies seek to benefit from the integration of the Telefónica Thinking Things
ecosystem with the advanced capabilities of Samsung’s devices, as well as enabling new
forms of interaction within the IoT field.
As a result of this collaboration, Samsung and Telefónica I+D are already working on
the development of two prototypes. The first one integrates Telefonica’s Thinking Things
Modular solution with the capabilities of Samsung’s devices and sensor technology in
order to identify new products and services. This prototype will allow the development of
autonomous solutions taking advantage of the integration of Telefónica Thinking Things
and Samsung’s devices.
The second prototype involves the development of a physical button that will be
used to simplify the application of IoT capabilities to different environments. Both
companies are working on new ways to bolster sensor-enabled interaction for the IoT
field as home appliances and home automation, such as presence control and
temperature and humidity regulation, which will be customizable and incorporated into
Samsung’s devices.
“This initiative with Telefónica allows us to explore the countless possibilities offered
by Samsung’s industry leading technology in order to create innovative solutions and
make them available for our consumers”, said Alfredo Aragüés, Samsung Spain’s R&D
division lead. “At Samsung, we believe that the true value of IoT technology is making the
user experience easier and more intuitive. This is why we regard Telefónica’s Thinking
Things platform as an excellent environment for the development of revolutionary
initiatives in the IoT field that will be able to bring these opportunities to life in the
present day.”

“Telefónica’s Product innovation area is looking beyond the current commercial offer
of Telefonica. We want to extend our connectivity to all kinds of new devices, making the
development of applications using these devices really simple,” said Francisco Jariego,
Telefónica I+D’s IoT Industrial Director. “Working together with Samsung is essential to
speed up the go to market of our innovation efforts in IoT, a technology which is here to
The Industrial Internet will make the most of the increasing computing and
connectivity capabilities, as well as the low-cost sensors provided by current and future
technology, in order to converge with the traditional industrial systems. This
convergence will allow a relaunch of the global economy and is expected to generate an
additional 15 billion dollars within 15 years.

Source: Telefonica

Telefonica Open Future commits $200M investment in innovation platform


Telefónica Open Future_ commits US$200 million for innovation platform

– Telefónica will invest up to US$200 million in strategic innovation Coral Group to develop and deliver integrated solutions.
– This strategic partnership combined with Telefónica’s R&D&I will help maximize the return on Telefónica’s future capital investments.

 Telefónica announced today that it has entered into a limited partnership withCoral Group to form an investment platform to discover, create and deliver innovative products and solutions to accelerate and enhance the digital experience of its customers in Europe and Latin America.

Telefónica Open Future_, the program which integrates all open innovation initiatives of the Group, is leading Coral’s Communications Investment Platform (CIP) by committing US$200 million.  As a leader in the CIP, Telefónica Open Future_ is establishing itself as a front runner in forming “innovation factories” to accelerate the creation of new and disruptive technologies to benefit Telefónica’s 320 million customers.

Telefónica and Coral intend to expand the reach of the CIP with up to four additional communication service providers around the world with similar commitments to real innovation, leveraging upon each other’s innovations.  With these additional partners, the CIP is expected to have up to US$1 billion to invest in new technologies and services that will reach 1-2 billion customers.

Telefónica is combining the efforts of CIP and Telefonica’s R&D&I in order to enhance the return on Telefónica’s future capital investments (more than US$7.5 billion in 2014) and help transform the company into a major market player in areas such as next generation networks, big data and machine learning, and the Internet of Things.

The investments in the CIP further supplements Telefónica Open Future_’s open innovation initiatives and strong support to global tech entrepreneurs and startups through its 310 million euros pre-existing commitments to the Open Future_ global online acceleration platform and crowdworking spaces; the Wayraacceleration academies; the Amerigo Funds and Telefónica Ventures; and through rapidly growing alliances with numerous institutions within the Telefónica footprint and relevant partners such as China Unicom, theTsinghua University and the governments of South Korea and Finland among others.  With presence in 17 different countries, these initiatives have funded over 550 companies and created new digital employment for more than 5,000 people.

Telefónica Open Future_ and CIP will seek to further accelerate and expand Telefónica’s global transformation into a “digital telco”, being at the cutting edge of technology and smart investments.

About Telefónica Open Future_

Open Future_ is a global, open program designed to connect entrepreneurs, startups, investors and public and private organizations worldwide. Its goal is to guide innovation towards the development of viable projects, using a scale up model that gives visibility to the talent and connect with organizations, investors and businesses.

Telefónica Open Future_ integrates all open innovation initiatives, entrepreneurship, investment and transformation of Telefónica (including, among others, openfuture.org online platform, Open Future crowdworking spaces, Wayra acceleration academies, Amerigo Funds, Telefónica Ventures, and now CIP) and makes available to strategic partners, to develop with them specific support programs to scale up entrepreneurship. For additional information, visit www.openfuture.org.

About Coral Group, LLC

Coral Group is a venture firm investing in seed through late stage technology companies with a particular focus on mobile and telecom.  It invests in companies with disruptive innovations that are changing the way businesses and consumers interact.    Coral works with entrepreneurs and companies to scale innovations and solutions.  For additional information, visit www.coralgrp.com.

Source: Telefonica