Nokia buys world's largest API hub from Rapid to cash in on 5G

Nokia has acquired Rapid, a U.S.-based API hub and marketplace, to expand revenue streams from its 5G and 4G networks.

This move aligns with Nokia’s strategy to monetize 5G equipment and attract investments in the AI space, similar to other telecom equipment makers.

The acquisition includes Rapid's technology and research and development unit, which will help Nokia's clients manage their networks, control API usage, and engage with Rapid's developer community.

APIs, which facilitate data exchange and functionality between software components, play a crucial role in 5G networks by providing faster and more secure data access, such as user location and connectivity status.

This acquisition strengthens Nokia's position in advanced network technology by enhancing integration and API-based services.