In a widely-anticipated move, the UK’s leading communications provider BT has picked Ericsson to provide 5G connectivity in several major cities across the country, including all four capitals London, Edinburgh, Belfast and Cardiff.
The announcement comes just one month after BT sealed a similar deal with Nokia, as part of an effort to remove Huawei equipment entirely from the country’s 5G networks, following the UK government’s ruling that the Chinese company should be barred from participating in the deployment of next-generation mobile connectivity.
Last summer, security concerns prompted the government to require CSPs in the UK to halt the purchase of 5G equipment from Huawei from 2021, and to phase out the use of the Chinese company’s technology in 5G networks over the next seven years. The objective is to run 5G networks with no Huawei equipment whatsoever from 2027.
Nokia was therefore selected to provide 5G RAN (Radio Access
Verizon is continuing to improve the 5G speed of its millimeter-wave network, with the company touting today that it has reached a new peak of 5.06 gigabits per second in download speeds. In theory, a connection that fast would let you download an entire season of a TV show, in HD, in seconds. The new accomplishment, which was done together with Ericsson and Qualcomm, comes one week after Verizon boasted 4Gbps download speeds over millimeter-wave during Apple’s iPhone 12 launch.
Unlike the 4Gbps result, which the carrier says can be found in certain cities today, the new peak download speed came in a “lab environment” using Qualcomm’s upcoming X60 5G modem. Verizon says that the speeds were attained using carrier aggregation that combined its millimeter-wave signal and a 4G LTE anchor, a pairing of wireless spectrum that the company says
STOCKHOLM (Reuters) – Telecoms equipment supplier Ericsson beat quarterly core earnings forecasts on Wednesday, helped by higher margins and China’s 5G rollout, and said it was “more confident” about meeting its 2020 targets.
Ericsson shares jumped as much as 9% to a five year high as gross margins reached their best level since 2006 and revenues rose at the Swedish company’s mainstay networks business despite disruptions caused by the COVID-19 pandemic.
The company has now won 112 5G contracts, up from 99 at the end of the second quarter, as more telecoms operators build next-generation networks and U.S. diplomatic pressure pushes out market leader Huawei from more countries.
But relations with China could become more fraught after Swedish authorities shut China’s Huawei and ZTE out of its 5G network, citing security concerns.
Unlike Nordic rival Nokia, Ericsson has won contracts from all three major
(Bloomberg) — Ericsson reported stronger-than-expected profit as the network equipment vendor gained market share, particularly from non-Chinese rivals, after government restrictions on gear from Huawei Technologies Co..
The Stockholm-based company said Wednesday third-quarter adjusted operating profit surged 38% to 9 billion kronor ($1.03 billion), beating the average analyst estimate of 6.44 billion kronor. The adjusted gross margin rose to the highest since 2006, at 43.2%, beating an analyst estimate of 39.12%.“Our investments in technology leadership has also allowed us to continue to gain market share, and it’s worth mentioning that most of these gains come from non-Chinese competitors,” Chief Executive Officer Borje Ekholm said on a conference call.
(Bloomberg) — Ericsson reported stronger-than-expected profit as the network equipment vendor gained market share, particularly from rival companies outside of China, amid government restrictions on gear from Huawei Technologies Co..
The Stockholm-based company said Wednesday third-quarter adjusted operating profit surged 38% to 9 billion kronor ($1.03 billion), beating the average analyst estimate of 6.44 billion kronor.The adjusted gross margin rose to the highest since 2006, at 43.2%, beating an analyst estimate of 39.12%.
Ericsson gained market share in China and Europe as it and its Finnish rival Nokia Oyj stand to benefit from a push to restrict the use of Huawei gear for the next generation of wireless technology. On Tuesday this spread to its home country of Sweden, where the government said operators will be blocked from the country’s 5G spectrum auction if they plan to use equipment from Chinese vendors.“While the pandemic
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