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Seventy companies join TM Forum as 5G opportunity impacts telecoms

Bain & Company, Colt, Skytel, TalkTalk and VMware among the newest companies to join industry association focused on driving digital transformation through collaboration

LONDON–(BUSINESS WIRE)–#TMFdigital—TM Forum, the industry association driving digital transformation through collaboration, today announced that 70 companies have joined the Forum in recent months. These new members have joined from around the globe including from China, Malaysia, Mongolia, Namibia, New Zealand, Turkey, United Arab Emirates, U.K., U.S. and beyond.

On joining the Forum recently, VMware’s Honoré LaBourdette, Vice President, Global Market and Business Development, Telco and Edge Cloud Business Unit, said, “CSPs around the world are working with VMware to accelerate new service delivery, reduce operational costs, and modernize IT. The transition to 5G and edge computing is creating exciting opportunities for our industry, but with this opportunity comes challenges that will require collective problem solving. We’re thrilled to join the TM Forum community and continue collaborating with our ecosystem partners and operators to build cloud-based networks for the next generation of services and applications.”

Bain & Company, a global management consulting firm, joined TM Forum because of the value membership provides especially when it comes to federation, according to Herbert Blum, Global Head of Telecommunications Practice. “Remaining competitive for the next decade requires us to rethink the role of providers in the market, making connectivity-as-a-service a reality, and federating our capabilities to collaborate and compete with global hyper-scalers,” he said. “Making this happen is very challenging, but the TM Forum has the ability to change that up by providing a safe, collaborative environment where everyone benefits –increasing our value and the value we provide to our customers. This is why we participate in TM Forum.”

Another new member, R3, is an enterprise blockchain software firm working with an ecosystem of more than 300 members and partners across multiple industries. “R3 is excited to have joined TM Forum to collaborate with leading service providers driving digital transformation efforts through the development of Corda blockchain applications, such as through the Catalyst initiatives,” said Thomas Spencer, Director of Business Development, Telecom Lead, R3.

Skytel is a traditional mobile network and IPTV operator that has just started its journey toward becoming a digital operator. Narantuya Dash, CEO, Skytel Group Mongolia, says, “Our TM Forum membership gives us an opportunity to learn from the knowledge and practical experiences of industry peers and experts. We have already started utilizing some of the Forum’s tools and frameworks, such as the Digital Maturity Model.”

Welcoming the new members to the Forum, Nik Willetts, CEO, TM Forum, said, “As the challenges of successfully monetizing 5G, AI and IoT set in, the communications industry and B2B customers are challenged with transforming their operating model and supporting IT to meet the demands of the digital economy.” He added, “Each new TM Forum member adds to the wealth of knowledge and strengthens our efforts. It’s now more important than ever for our industry to collaborate to compete, transform to create open digital ecosystems and unlock growth, and help to address the most pressing issues facing humanity.”

View TM Forum’s member directory here. Learn more about membership by contacting Rhea Chamberlain via email: [email protected]

About TM Forum

TM Forum is an association of over 850 member companies that generate a combined US$2 trillion in revenue and serve five billion customers across 180 countries. We drive collaboration and collective problem-solving to maximize the business success of communication and digital service providers and their ecosystem of suppliers around the world. Today, our focus is on supporting members as they navigate their unique digital transformation journeys, providing practical and proven assets and tools to accelerate execution and platforms to facilitate collaborative problem solving and innovation. Follow us on LinkedIn, Twitter and Facebook. Learn more at www.tmforum.org.

Contacts

Elizabeth Coyne

Vice President, Communications

TM Forum

[email protected]

Business Wire , 2019-12-03 16:02:26 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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