MetraTech Corp, the leading provider of Agreements-Based Billing™, commerce and settlement solutions, announced last week that European Telecommunications Standards Institute (ETSI) has accepted the proof of concept to investigate operational efficiency in network functions virtualization (NFV) capacity planning, provisioning and billing. The proposal that was jointly submitted with BT and Huawei is expected to be ready for publication end of the year..
NFV, an industry initiative initially established in 2012 by AT&T, BT, Deutsche Telekom, Orange, Telecom Italia, Telefonica and Verizon has seen rapid adoption from communication service providers (CSPs) and solution vendors, joined by 58 global carriers and more than 200 companies to date. These organizations are participating in seven working groups defining the requirements for all aspects of the virtualized network and its orchestration and management.
According to MetraTech, its NFV-ready MetraNet platform enables the efficient operation that is key to achieving the benefits of the virtualized network, which requires comprehensive interfaces between the operator’s business policies and the network orchestrator.