Verizon enlists Casa for MEC overhaul; telco takes 9.9% stake in vendor

20 Apr 2022

Massachusetts-based Casa Systems, a provider of physical and cloud-native infrastructure technology solutions, has announced that it has been awarded a multi-year purchase contract by Verizon. Under the terms of the commercial agreement, Casa will provide its 5G Core Network Functions to Verizon, helping power the company’s public Mobile Edge Compute (MEC) service offering. Note: MEC technology moves computing resources onto cloud servers at the network edge – as close as possible to places where data is generated.

In addition, Verizon will make an investment of approximately USD40 million in Casa common stock, resulting in a 9.9% ownership stake.

United States, Casa Systems, Verizon Communications