Telenor and Cisco announced their support to launch WorkingGroupTwo (WG2), a new business entity that will offer mobile operators a cloud solutions platform designed to increase IoT product innovation and reduce time to market.

The launch of the WG2 platform will help accelerate the pace of product innovation to stay relevant for customers. Mobile operators can use the platform to quickly launch new services across IoT and other industry verticals, and better position their business to sell to enterprise customers.

“The WorkingGroupTwo platform is a Telenor innovation. We are able to leverage new technologies to make a pioneering telco platform with the potential of bringing the whole industry forward,” said Sigve Brekke, CEO of Telenor Group.

“Cisco’s partnership with Telenor to launch WorkingGroupTwo demonstrates how we are driving positive change for our customers,” said Chuck Robbins, CEO of Cisco.

Erlend Prestgard is the CEO of WorkingGroupTwo.