Ericsson needs industries to embrace 5G to underpin its recovery
Updated : June 22, 2018 06:53 AM IST
For now, the Swedish company is focusing on a cost-savings plan running until 2020 to shore up profitability, hoping that growth will then return as the pace of 5G network upgrades picks up early in the following decade.
Ericsson is betting that new business models enabled by 5G technology could drive an increase of up to 36 percent in telecom industry services on top of current businesses.
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