Istanbul Metropolitan Municipality and Ericon sign smart city partnership

IMM, ISBAK AS and Ericsson will work together to achieve Istanbuls smart city vision and 2024 targets

IMM and ISBAK AS aim to build on their momentum and accelerate their efforts to reach the top 5 of the World Global Cities index

Ericsson will work on targets related to urbanization, population growth and resource utilization

Having transformed Istanbul into a city brand, Istanbul Metropolitan Municipality (IMM) has signed a cooperation agreement for a smart city consultancy project with Ericsson (NASDAQ: ERIC).

Under the umbrella of the Istanbul Informatics and Smart City Technologies (ISBAK AS) company, the IMM and Ericsson will work together to achieve Istanbuls smart city vision and 2024 targets.

In 2016 Istanbul improved its standing in the World Global Cities index, rising from 29th to 25th place. By improving the citys services and implementing integrated smart city management, the IMM and ISBAK AS aim to build on their momentum and accelerate their efforts to reach the top 5 of the rankings.

Charlotta Sund, Head of Customer Group Industry & Society at Ericsson, says: IMM and ISBAK intend to achieve a fast, integrated, people-oriented transformation based on technology and innovation. Ericsson will work on key development areas in metropolitan Istanbul, as well as a number of identified targets related to urbanization, population growth and resource utilization. Assessments conducted together with IMM and ISBAK will guide our work as we aim to maximize this unique citys opportunities.

The IMM is guiding the project by reviewing global best practices; conducting literature searches and current situation analyses; and holding interviews and workshops with hundreds of chief information officers, public- and private-sector entities, universities, citizens, and stakeholders. The data obtained in these studies reveal the citys current scorecard and provide a benchmark from which to work toward achieving Istanbuls smart city vision.

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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

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