PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Ericsson wins BT's 5G radio contract for London, other major UK cities

Wed, 28th Oct 2020 09:00

LONDON, Oct 28 (Reuters) - Ericsson said on
Wednesday it had been selected by Britain's BT to provide
5G radio equipment in London, Edinburgh, Belfast, Cardiff and
other major UK cities, building on the contract it signed
earlier this year for core technology.

The contract comes after the British government said in July
it would ban China's Huawei Technologies from any presence in
the country's 5G networks by the end of 2027.

Once the deployment is completed, Ericsson will manage
around 50% of BT's 5G traffic, the Swedish company said, adding
that it will also modernise the company's existing 2G and 4G
radio networks.

Ericsson President and Chief Executive Borje Ekholm said the
win strengthened the company's relationship with BT.

"By deploying 5G in these key areas, we are yet again
demonstrating our technology leadership in population-dense and
high-traffic locations," he said.

BT signed a contract with Ericsson rival Nokia
last month to provide 5G radio equipment for multiple towns and
cities across Britain, as well as rural locations.

BT was using Huawei radio equipment in the roll out of its
next generation mobile network.

The value of the Ericsson contract was not disclosed.
(Reporting by Paul Sandle; Editing by Susan Fenton)

Related Shares

More News
17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in ...

17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher followin...

16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

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.