- Five-year, multi-billion SEK, critical national infrastructure
network deal to deliver 5G speed and network
capacity
- Deployment will empower Telia to drive sustainable national
digital economies in Sweden and
Estonia as the sole infrastructure
provider for its seven million customers in the
countries
- The transformational power of 5G will change the lives of
consumer and business customers for the better, as well as
empowering the region to drive the digital economy and build a
sustainable future
STOCKHOLM, Oct. 21, 2020 /PRNewswire/ -- Telia and Ericsson
(NASDAQ: ERIC) today revealed plans that will see next-generation
5G networks deployed across Sweden
and Estonia by 2025.
Telia and Ericsson have been delivering secure, fast and
reliable wireless network coverage to the Nordics - and beyond -
since the dawn of the mobile era. The partners are already
deploying 5G across Norway, where
Ericsson is also Telia's exclusive technology partner. Today's deal
will modernize the existing 4G networks across Sweden and Estonia to establish fast, ultra-high capacity
5G across a network of 10,000 cellular sites in an area of more
than 500,000sq km.
Thanks to rapid technology deployment by Ericsson and Telia
field professionals, Telia subscribers and enterprise customers
will soon enjoy the unparalleled benefits of 5G. The benefits of 5G
will also reach industry, including capabilities such as automation
in manufacturing and utilizing the Internet of Things for better
efficiency and sustainability. The project will also provide a
welcome stimulus to the economies in the post-Covid era.
Speaking to investors and media at both companies' third-quarter
results in Stockholm this morning,
Company CEOs Allison Kirby (Telia)
and Börje Ekholm (Ericsson) outlined
their vision for the 5G future.
Allison Kirkby, President and
CEO, Telia Company, says: "Our
networks have never been more important to life and livelihoods and
they are the foundation of a thriving digital economy, with
innovation, sustainability and security at their core. With today's
agreement, we have the foundation in place to develop the most
trusted and reliable 5G networks in the Nordics and the Baltics. It
is also the start of a multiyear investment in our networks,
ramping up fully in 2021.
"The partnership is truly `Made in Sweden' since we have a long, innovative
relationship with Ericsson. Together we have pioneered and enabled
communication between people and businesses for decades. One such
example is the 5G-powered self-driving electrical bus launched a
few weeks ago in Stockholm."
Börje Ekholm, President and CEO, Ericsson, says: "The full
realization of 5G's potential begins with the network. With that in
place the true power to innovate, explore and experience the world
through 5G becomes possible. The next global game changing network
application may well be invented by a tech start-up or developer
using a Telia 5G network, leveraging Ericsson technology. We share
an ambition with Telia to create a better-connected world with a
more sustainable future in which the Nordic and Baltic countries
play a powerful part."
Ericsson and Telia have worked closely on 5G development in the
region, partnering as far back as 2016 on tests and trials. The
companies have also joined forces with other industry and academic
leaders to develop 5G use cases such as self-driving trucks, a
driverless ferry trial in Norway
and trialling a 5G-enabled driverless electric minibus in
Stockholm. This year, the partners
have launched commercial 5G in Norway and Sweden.
As a critical national infrastructure, 5G is a catalyst to drive
the digital economy across nations of all sizes. As an unmatched
innovation platform, it provides new opportunities for society
ranging from immersive entertainment to automated transport, with
industries benefiting from efficient and sustainable business
solutions.
Investment in 5G will also support economic recovery. According
to the 5G Action Plan for Europe
report by Analysys Mason, 5G-enabled digital transformation will
deliver EUR 161 billion in net
benefit across Europe, with
Sweden netting EUR 4,347million and Estonia EUR 391 million.
Portfolio information:
Ericsson's 5G radio access network (RAN) deployment and 4G
network modernization will comprise products and solutions from the
Ericsson Radio System portfolio. This includes Ericsson Spectrum
Sharing, which will enable Telia to dynamically share 4G and 5G
traffic to enable a smooth, fast, and cost-effective migration to
5G. Ericsson is also supplying 5G Carrier Aggregation for better
coverage, increased capacity and higher data speeds. Roll-out and
support services are also part of the deal.
Ericsson currently has 112 commercial 5G agreements and
contracts with unique communications service providers globally, of
which 62 are publicly announced 5G deals, including 65 live
commercial 5G networks.
Related links:
Ericsson 5G
Ericsson Spectrum Sharing
Ericsson Radio System
Ericsson 5G Carrier Aggregation
NOTES TO EDITORS:
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MORE INFORMATION AT:
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media.relations@ericsson.com (+46-10-719-69-92)
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ABOUT ERICSSON:
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business. It is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's innovation investments have
delivered the benefits of mobility and mobile broadband to billions
of people around the world. Ericsson stock is listed on Nasdaq
Stockholm and on Nasdaq New York. www.ericsson.com
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