Metaverse is coming: who'll reap the benefits this time?

Telcos ranging from China Mobile to Verizon Communications and SK Telecom are jumping into the fray

15 August 2021 - 00:12 By

About a decade ago, mobile carriers poured billions of dollars into high-speed 4G networks only to see technology giants such as Apple, Facebook and Google walk away with most of the profits fuelled by social media. As operators plough even more cash into 5G, they are betting on a futuristic concept in hope of a fair share of the returns this time.

Telecommunications companies are looking to build a platform based on the "metaverse", an idea that inspired sci-fi movie Ready Player One and online games by market darlings such as Roblox...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.