Ericsson is Optimistic About Future with Increasing 5G Momentum

On 1 June 2021, Ericsson, a Swedish telecom equipment manufacturer, said that the 5G momentum is increasing day by day worldwide, and the company is excited about the future with the significant rise in the adoption of 5G technology enabling innovation.
While speaking at the Ericsson UnBoxed 2021 event, the president and CEO of Ericsson, Mr Borje Ekholm, said that the company is ready to face open competition and open markets 5G momentum will introduce.

Even after the global challenges faced by the industry in 2020 due to the Covid-19 pandemic, Ericsson is optimistic about its future. The innovation pace is higher than ever before.

The CEO of Ericsson said that the pandemic has realised that ‘how critical and important the mobile network infrastructure is?’.

When people are not allowed to meet each other physically with freedom, the mobile network was the only thing that keeps us connected with each other. The 5G momentum will be another step to strengthen its infrastructure.

He also added that they always have and will always believe in open markets and open competition. Mobile technology has become affordable to a large number of consumers with the adoption of global open standards.

The 5G momentum is rising at a fast pace, and by the end of the year, the subscriptions of 5G is expected to exceed 0.5 billion. He also pointed out that the data consumption of a 5G user is 2 to 3 times higher than that of a 4G user.

It was 1876 when Ericsson was founded and located its headquarter in Sweden back in 2016. The company’s services, software, and infrastructure include information and communications technology and traditional telecommunications and Internet Protocol (IP) networking equipment.

Read more about 5G in India

Ericsson offers its services in about 180 countries with the cooperation of approximately 95,000 employees. In 2018, the company was the largest non-Chinese company in the 2G/3G/4G mobile network infrastructure market, with a 27% market share.

One of the leaders in the worldwide implementation of 5G because of its Multiple-Input and Multiple-Output (MIMO) technology.

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