Ericsson has announced that it has supplied 5G equipment for a pilot network, which was launched in Elsinore, Denmark, in collaboration with TDC. The network operated under a 3.5 GHz test license. Together with the Danish service provider, Ericsson strives to achieve Digital Denmark’s goal of expanding 5G coverage nationwide.
This network was built using Ericsson’s commercial 5G hardware and software, including Massive MIMO radio. The move is likely to expand the digital economy while strengthening Denmark’s position as a digital leader, helping subscribers and broadband mobile networks capitalize on 5G, IoT and the fourth industrial revolution.
The TDC core network is being upgraded with Ericsson’s dual-mode 5G Cloud Core solution. It is noteworthy that the Swedish company’s investment in research and development in recent years has provided a competitive and leading offer in the industry. 5G is touted to open a new era for the digital economy, and is expected to enable Denmark to strengthen its position. Ericsson aims to transform the operator’s radio access network with its latest radio system solutions.
In March 2019, TDC chose Ericsson to deploy a nationwide 5G commercial network (including managed services) as part of an operator network overhaul program. Ericsson is investing in its competitive 5G-ready portfolio to ensure the seamless transition of the 5G communications service provider.
The company also leads 5G in Europe. In its latest mobility report, released in November 2019, global 5G subscriptions will exceed 2.6 billion over the next six years amid a rapidly growing ecosystem. The report says that 5G will cover up to 65% of the world’s population by the end of 2025 and will handle 45% of global mobile data traffic.
In October 2019, the company completed the acquisition of Kathrein for the production of antennas and filters to expand its range of radio systems with new products and capabilities. Ericsson is pursuing his strategy and is on track to achieve his financial goals for 2020. He works with operators to help modernize the network, optimizing various capabilities.
Ericsson shares rose 5.9% compared with industry growth of 27.8% last year. The consensus estimate of Zacks for its profit this year has been revised upward by 25.7% over the past 90 days to 44 cents.