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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Tuesday, July 23, 2019
Ericsson Feels 5G Bounce
Ericsson reported a 7% year-on-year increase in sales on a like-for-like basis to 54.8 billion Swedish krona (5.8 billion US dollars) for the second quarter. It said the increase was driven by growth in its networks division in North America and North East Asia.
Börje Ekholm, CEO of Ericsson, said: "We see strong momentum in our 5G business with both new contracts and new commercial launches as well as live networks. To date, we have provided solutions for almost two-thirds of all commercially launched 5G networks....Initially, 5G will be a capacity enhancer in metropolitan areas. However, over time, new exciting innovations for 5G will come with IoT use cases, leveraging the speed, latency and security 5G can provide." Source: Ericsson statement
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