BUSINESS Ericsson reaffirms commitment to Chinese market

BUSINESS

Ericsson reaffirms commitment to Chinese market

China Daily

16:16, June 29, 2022


A general view of an exterior of the Ericsson headquarters in Stockholm, Sweden, January 24, 2020. (Photo: Agencies)

Swedish telecom giant Ericsson has reiterated its commitment to the Chinese market, saying it will continue promoting 5G connectivity in the nation and planning for the future of 6G.

Fang Ying, president of Ericsson China, said the company will step up its push to empower 5G innovation and cultivate an industrial ecology as part of its broader efforts to serve the Chinese market.

Ericsson will cooperate with Chinese telecom operators to make better use of technologies such as private 5G networks, Fang said.

When it comes to 6G, he said Ericsson has already launched preliminary cooperation with relevant departments in China.

Fang said earlier Ericsson has been working in the Chinese market for 130 years, the company is optimistic about the market’s prospects and is willing to exchange long-term investment for long-term returns.

China is a leader in constructing 5G networks. As of April 2022, China has built 1.62 million 5G base stations in total, and the number is expected to exceed 2 million by the end of this year. At present, China's 5G users have reached 450 million, accounting for 70 percent of global 5G users.

According to the latest report from Ericsson, global coverage of 5G networks will maintain strong growth momentum in the next few years, and by the end of 2027 the number of 5G registered users worldwide will reach 4.4 billion.

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