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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

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Ericsson : brings 5G to Greece with WIND Hellas

12/01/2020 | 09:21am EST
Ericsson brings 5G to Greece with WIND Hellas
  • Ericsson 5G Core technology for standalone 5G will provide WIND Hellas with faster, more reliable and secure core network
  • Greek enterprises will benefit from Ericsson's container-based, dual-mode 5G Core, through a range of new 5G use cases
  • With a new digital, Business Support System (BSS), WIND Hellas will be able to launch and monetize 5G-enabled B2C and B2B offerings, quickly and efficiently
Press release
Dec 01, 2020 09:30 (GMT +00:00)

Ericsson (NASDAQ: ERIC) has been selected by WIND Hellas as its mobile core network vendor for standalone and non-standalone 5G, as well as its BSS partner. Ericsson will deliver a powerful transformation to Wind Hellas' existing 2G/3G/4G packet core and signaling infrastructure and enable them to deploy their first standalone 5G network.

The secure, cloud-native, container-based Ericsson dual-mode 5G Core will allow WIND Hellas to meet customer's increasing demand for data as well as pursue new opportunities in emerging enterprise segments supported by enhanced capabilities such as network slicing.

WIND Hellas will also benefit from more customer-centric business operations with Ericsson Digital BSS solutions, helping the operator to improve customer experience and monetize new 5G services.

Nassos Zarkalis, Chairman and CEO of WIND Hellas, says: 'We are excited about the collaboration with Ericsson for the country's 5G network modernization. Our ambitious undertaking is to build a state of the art, secure 5G core network that will create new possibilities for Greece and create value to society at large, businesses, and our customers, by delivering enhanced high-speed services and compelling experiences'.

Arun Bansal, President of Europe and Latin America, Ericsson, says: 'Ericsson's leading dual-mode, 5G Core is vital to WIND Hellas' goal of being a technology pioneer while also keeping security a clear priority. With our leading 5G portfolio, we are enabling WIND Hellas to develop new 5G use cases that will transform everything from healthcare to culture in Greece. With all of these exciting opportunities, 5G offers the economic boost that Greece needs, and we are very proud to be behind this digital revolution.'

PORTFOLIO INFORMATION

Under the five-year agreement, Ericsson will deploy dual-mode 5G Core software on a new system-verified, Ericsson Cloud Infrastructure with full support services, virtual IMS for fixed voice and voice over LTE (VoLTE), and a next-generation 5G BSS Charging solution. The accompanying systems evolution and integration program includes end-to-end support services while also introducing automation into the service provider's network operations.

NOTES TO EDITORS

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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com (+46 10 719 69 92)
investor.relations@ericsson.com (+46 10 719 00 00)

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 and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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Disclaimer

Telefonaktiebolaget LM Ericsson published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 14:20:00 UTC


© Publicnow 2020
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Sales 2020 230 B 27 807 M 27 807 M
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Net cash 2020 18 909 M 2 287 M 2 287 M
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Yield 2020 1,61%
Capitalization 327 B 39 468 M 39 579 M
EV / Sales 2020 1,34x
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