- Ericsson share for China Mobile CP for 700MHz radio award is
2%
- Decision reflects earlier market guidance in connection with
global risk factors
STOCKHOLM, July 19, 2021 /PRNewswire/ -- Following a review
of bids in the CP for 700MHz radio round of China's 5G network development, Ericsson has
been awarded 2% market share.
In line with earlier market guidance to investors, this is
materially lower than the market share previously awarded to the
company in the 2.6GHz CP2 (11%).
China Mobile is the first operator to award under the latest
round of CP's for 5G radio. Given the context and based on the
bidding rules, should Ericsson be awarded business in China Unicom and China Telecom we believe it
would be in a similar range as with the China Mobile award.
As previously disclosed by Ericsson (NASDAQ: ERIC) most recently
in its Q2 2021 financial report and in its 2020 annual report, the
risk of lower market share award follows the decision by the Post
and Telecommunication Authority (PTS) to exclude Chinese vendors'
products from the 5G auction in Sweden.
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About Ericsson
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
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find new revenue streams. Ericsson's investments in innovation have
delivered the benefits of telephony and mobile broadband to
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Ericsson awarded
reduced market share by China Mobile
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