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Nokia, once a giant in the mobile phone industry, is now focusing on infrastructure and services for carriers. In a bid to connect the worlds of tech and telecoms, Nokia has acquired Rapid, a startup known for its API marketplace. This move will help 5G operators open their networks to more developers, creating new opportunities for innovation.
The deal includes a public marketplace, enterprise services, and an API hub for building, testing, and sharing APIs. Nokia aims to simplify the collaboration between carriers and developers, enabling them to create value and monetize their networks.
Rapid, once valued at $1 billion, faced challenges in recent years. Despite its initial success in the API market, profitability remained elusive. With the acquisition by Nokia, Rapid’s technology and expertise will enhance the broader API ecosystem.
Nokia’s history as a mobile pioneer makes this acquisition both intriguing and ironic. As the company evolves to support 5G expansion, it is now positioned as a facilitator for app development and third-party services on carrier networks. With Rapid’s API framework integrated into its platform, Nokia is paving the way for a new era of collaboration and innovation in the telecom industry.
