Telecom Service Providers are slowly transforming into Digital Service Providers in order to stay relevant to the customer and to ensure that they can reap the profits of the increasing digital economy. To stave off competition from hyperscalers such as Google, Amazon, Facebook and Microsoft, Telcos are turning to new age applications and services. Telcos are uniquely positioned to take advantage of their physical proximity to the customer to provide compute and storage and new digital services. This will require that Telcos work with a multitude of partners resulting in engendering a new ecosystem that fosters agile service delivery which is cloud native and pay-as-you-go business model.