George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Ericsson Picked To Deploy 5G City Coverage For UK's BT

Wed, 28th Oct 2020 19:01

(Alliance News) - Sweden's Ericsson announced Wednesday it had been selected by British operator BT Group PLC to deploy 5G mobile networks in several major UK cities, making it responsible for 50% of BT's total 5G traffic.

The telecoms equipment maker said it would "be a key BT partner for 5G deployment in the UK capitals London, Edinburgh, Belfast and Cardiff and other major cities."

"BT has a clear direction in how it wants to drive its 5G ambitions in the UK and we are delighted to be their partner in delivering that," Ericsson Chief Executive Officer Borje Ekholm said in a statement.

Building on a previous 5G deal between the companies, Ericsson will "manage around 50% of BT's 5G traffic" once the deployment is complete.

Ericsson said it would also contribute to "modernise BT's existing 2G and 4G... infrastructure."

The deal comes in the wake of the UK banning China's Huawei Technologies Co Ltd from its rollout of the next generation of mobile networks in July, as well as demanding operators phase out existing equipment from the Chinese telecoms giant.

The move followed pressure from the US which alleges Chinese firms are used to spy for Beijing, but both China and Huawei denies these allegations.

Nordic competitors Ericsson of Sweden and Nokia of Finland have been projected to benefit from countries banning Huawei, and in September Nokia won the first UK 5G deal since the ban, also with BT.

source: AFP

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related Shares

More News
4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

4 Apr 2024 11:56

BT Group shares ripe for a re-rating, says JPMorgan

(Sharecast News) - Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.

4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold not...

2 Apr 2024 12:24

Heathrow executive Emma Gilthorpe to take the helm at Royal Mail

(Alliance News) - International Distributions Services PLC's Royal Mail has ended its hunt for a new top boss after appointing Heathrow Airport senior...

28 Mar 2024 15:46

IN BRIEF: BT Group CEO Allison Kirkby buys GBP55,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 50,000 shares at GBP1.09 each, worth GBP54,500, in Londo...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.