According to a top official, Bharti Airtel, India’s second-biggest telecom operator, is ready to exploit the metaverse possibility with its planned 5G network and would form “deeper” collaborations with content producers and over-the-top companies to allow a variety of use cases.
“The metaverse, which demands a lot of data, will be enabled by 5G.” Metaverse will require significantly faster speeds and content that is closer to the edge. Telcos will play a significant role. It may be utilized for sporting events, video games, and even business meetings.
Indian business times believes that without “deeper” ties with telecom carriers, the metaverse as a concept would fail. “Beyond the high-speed connectivity that our 5G will deliver, certain content has to be housed on our data centers.” As a result, it won’t be successful without collaboration.”
People may play, work, and shop across numerous platforms utilizing digital tools and augmented reality (AR) headsets in the Metaverse, a new-age enterprise in a virtual environment driven by virtual reality, augmented reality, and blockchain technology. The game industry, in particular, will benefit from the metaverse drive.
The metaverse is being considered for future internet versions.
According to Sekhon, the initial phase of 5G services will see certain “metaverse” use cases, particularly in the B2C or consumer area, with significant use cases in the business arena as well.
Whether it’s Facebook or Microsoft, everyone is working on it. Most likely, the version we’re showing you now is a beta version that will improve over time.The ecology is still developing, stated Indian business times.
He went on to say that the metaverse would require a lot of data processing, which will be done at the edge rather than on consumer devices.
Airtel recreated the in-stadium experience of Kapil Dev’s memorable 175 not out versus Zimbabwe at the 1983 Cricket World Cup using immersive video technology across its high-speed 5G test network. A unique 175 Due to a strike by TV technicians, crucial moments from the contest were replayed in 4K format, bringing important moments from the battle to life.
Airtel used Ericsson 5G Radio in NSA mode across 3500 MHz band test spectrum at its Network Experience Centre in Manesar (Gurugram) for the demonstration.
Reliance Jio and Vodafone Idea are also planning to enter the metaverse. Jio Platforms (JPL) is preparing for its metaverse and Web 3.0 play, having just committed $15 million for a 25% ownership investment in Silicon Valley-based deep tech firm Two Platforms Inc.
With this in mind, and with 5G on the horizon, our Bharti enterprise prediction of a 7-8 percent CAGR over FY21-24CL offers upside potential, says the company. Meanwhile, this business contributes about 12% of our Bharti SOTP target price of Rs915, which values its enterprise business at 9x FY24CL EV/Ebitda, which is the same as TCom, and hence there is potential valuation upside,” CLSA stated. Airtel recently announced #5GforBusiness, a 5G program in which the telco is working with telecom equipment manufacturers, global consulting firms, and technology firms to evaluate 5G-based products. Accenture, Amazon Web Services, Cisco, Ericsson, Google Cloud, Nokia, and Tata Consultancy are collaborating with Sunil Mittal’s telecom to showcase enterprise-grade use cases employing high-speed, low-latency 5G networks.
