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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
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ERICSSON : Singtel enters 5G standalone era powered by Ericsson

09/23/2021 | 08:08am EDT

Ericsson is powering Singtel's 5G SA network with 5G radio access products and cloud-native dual-mode 5G Core network solutions.

The Ericsson product range will deliver high-quality connectivity for outdoor coverage in densely populated areas and help drive strong indoor-mall coverage across the city-state. The Covid-19 pandemic has fuelled the need for better connectivity indoors, due to the numerous travel and lock-down restrictions.

According to the May 2021 ConsumerLab report - Five Ways to a Better 5G - indoor 5G coverage at public places has become two times more important than mobile data speed in delivering satisfactory 5G experiences for consumers in Singapore.

In addition, Ericsson's solutions for 5G SA will provide super-fast response times and faster access to higher data rates that are required by cloud gaming, immersive media and vehicles or robot control. This connectivity will also help drive the future-readiness of Singtel's network, creating new business opportunities.

Mark Chong, Group Chief Technology Officer, Singtel, says: 'We are pleased to partner Ericsson in our 5G journey. Together, we launched Singapore's first 5G standalone network and achieved the fastest 5G speeds this year. 5G is a game changer that will drive greater innovation, and in turn strengthen Singapore's position as a leading digital hub. We look forward to bringing to life the full benefits 5G has to offer to enterprises and consumers in collaboration with ecosystem partners.'

To nurture a growing and vibrant local 5G ecosystem, Ericsson and Singtel have also signed a Memorandum of Understanding (MoU) with several global industry partners to develop advanced 5G enterprise solutions in Singapore. The MoU will utilize test facilities and capabilities to innovate solutions and scale them for global deployment. The partners are ABB, Axis Communications, Bosch, Bosch Rexroth, Cradlepoint, DHL, Hexagon, PTC and Rohde & Schwarz.

Martin Wiktorin, Head of Ericsson Singapore, Brunei and the Philippines, says: '5G SA will allow consumers in Singapore to experience the full benefits of 5G connectivity and also enable businesses across industries to reap the benefits of enhanced mobility, flexibility, reliability and security. As Singtel's long-standing partner, we are proud to support the roll-out of one of the first 5G SA networks in the world. As a global ICT leader, we have already accumulated a wealth of technology expertise through the deployment close to 100 live 5G networks worldwide.'

For the past 30 years, Ericsson and Singtel have achieved multiple milestones together in Singapore. This partnership includes leading the way in 5G in the city-state - achieving Singapore's fastest 5G speeds, the launch of Singtel's GENIE, the world's first portable 5G-in-a-box platform powered by Ericsson to enable enterprises to experience 5G's capabilities; and the establishment of 5G Garage, the country's first live 5G facility to drive 5G solutions for enterprises in collaboration with Singtel and Singapore Polytechnic.

Contact:

T: +46 10 719 00 00

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 234 B 27 164 M 27 164 M
Net income 2021 18 343 M 2 131 M 2 131 M
Net cash 2021 33 811 M 3 929 M 3 929 M
P/E ratio 2021 19,3x
Yield 2021 2,00%
Capitalization 352 B 40 901 M 40 921 M
EV / Sales 2021 1,36x
EV / Sales 2022 1,26x
Nbr of Employees 101 624
Free-Float 89,6%
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Last Close Price 105,78 SEK
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Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Xavier Dedullen Secretary, Chief Legal Officer & Senior VP
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