Due to the outbreak of the Coronavirus Ericsson has taken the decision to withdraw from Mobile World Congress 2020 (MWC2020) as the company says that the health and safety of employees and customers cannot be ensured.
Ericsson has signed an agreement for credit facility with the Nordic Investment Bank (NIB) for USD 150 million, maturing in 2025. Of these new funds, 98 million will replace credit with NIB that was set to mature in 2021
Japanese carrier KDDI has selected Ericsson and Samsung for the deployment of a next generation 5G network in Japan. Ericsson said that it has been selected by KDDI as the primary 5G vendor. Under the agreement, Ericsson will supply KDDI with Radio Access Network equipment, including products and solutions from the Ericsson Radio System portfolio.
With 5G deployments rapidly gathering momentum globally, Ericsson has launched new software and hardware solutions to expand 5G deployment options. The new solutions extend network capacity and coverage, enabling smooth network evolution, and facilitating new consumer and industry use cases.