25 Jan

What Is Ericsson’s View on 5G Subscriptions?

WRITTEN BY Sneha Nahata

Ericsson foresees 1 billion subscriptions

According to a Reuters report, telecom gear maker Ericsson (ERIC) predicts that ~1.0 billion subscribers could have access to 5G mobile networks by 2023. Ericsson expects this emerging 5G technology to nearly double between 2022 and 2023, creating a global breakthrough in that year.

Ericsson foresees about 9.1 billion subscriptions for 5G technology by the end of 2023. Ericsson predicted in its Mobility Report that there could be 500 million 5G subscribers worldwide by 2022.

What Is Ericsson’s View on 5G Subscriptions?

5G networks are creating industry buzz

Fifth-generation (or 5G) technology is creating waves in the media and telecommunications space. Companies in the telecom sector are looking to invest in 5G networks and are gearing up to challenge cable broadband providers.

These companies believe that 5G has the potential to significantly reduce latency, boost speed for Internet access, and improve network reliability.

This 5G technology is expected to benefit customers with services such as broadband, mobile, and IoT (Internet of Things).

According to Ericsson, the deployment of the 5G network could occur in dense urban areas, including the US (SPY), South Korea, Japan (EWJ), and China (MCHI) (FXI). Patrik Cerwall, head of strategic marketing and alliance for Ericsson’s Networks segment, expects more than half of the world’s 5G subscriptions to originate in Asia before 2024.

Ericsson has been working on 5G deployment through strategic partnerships with several global network operators. The company also signed a contract worth more than 400 million euros to help Russian telecom giant MTS prepare its network for 5G trials and rollout.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings

WRITTEN BY Adam Jones

On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.