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Money 5G development in China helps Ericsson - Dilemma looms over Huawei

14:10  21 october  2020
14:10  21 october  2020 Source:   de.reuters.com

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Move over Help to Buy — now it’s help yourself to your pension. The London event did allow us to take the temperature of 5 G progress though, with the company eager to get its message out that, despite all the Huawei hoo-ha, it is Ericsson that has global leadership in next-generation networks.

Huawei Is a Paralyzing Dilemma for the West. Western democracies are struggling to balance the geopolitical challenge of China That’s because a Chinese company, Huawei Technologies Co., sits at the intersection of those two developments , and Would you want China to have control over it?

Stockholm (Reuters) - The development of the new 5G mobile communications standard in China has helped the Swedish network equipment supplier Ericsson to make a profit jump.

FILE PHOTO: A general view of an exterior of the Ericsson headquarters in Stockholm © Reuters / TT NEWS AGENCY FILE PHOTO: A general view of an exterior of the Ericsson headquarters in Stockholm

However, the exclusion of the Chinese corporations Huawei and ZTE from setting up the 5G networks in Sweden could spoil Ericsson’s soup in the future. “The introduction of 5G in China was the big driver this quarter,” CFO Carl Mellander told Reuters on Wednesday. In contrast to the Finnish rival Nokia, Ericsson has received orders from all three large operators in the People's Republic to supply technology for the 5G networks. This makes the Board of Management confident that it will achieve its annual targets. China's

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Chinese telecommunication equipment giant Huawei lost out to Nokia and Ericsson in building Singapore's Singapore Telecommunications said it is in talks with Sweden's Ericsson to be the main vendor for its 5 G Singapore did not exclude any specific vendors for 5 G development , minister says.

(Reuters) - Ericsson shares hit a high for the year after the Swedish telecom equipment maker increased its footprint in Canada by winning a 5 G contract from Bell Canada, beating out China 's Huawei . While choosing Ericsson removes vendor uncertainty over deploying 5 G , it might

restrictions could, however, result in Sweden's decision on Tuesday to forego the services of the controversial Chinese supplier Huawei when building a 5G network. A spokesman for the Chinese Foreign Ministry responded immediately on Wednesday and called for the ban to be lifted in order to avoid "negative effects". "China expresses strong dissatisfaction with Sweden," said Zhao Lijian.

The Swedish regulator for telecommunications banned the use of technology from Chinese companies Huawei and ZTE in their 5G network, following the assessment of the Swedish military and security authorities. In November Sweden wants to auction the frequencies for the new 5G mobile communications standard. The participating companies must remove Huawei and ZTE technology from central functions by 2025. Following pressure from the US, which Chinese network equipment providers see as a security risk, European governments have, among other things, reviewed Huawei's role in building their networks. Great Britain was the first country in Europe to ban Huawei technology from its 5G network from 2027.

In the third quarter, Ericsson posted a jump in profit: The operating result rose to 9.0 billion kroner (871 million euros) from 6.5 billion a year ago and thus exceeded market expectations of 6.98 billion kroner. Sales increased by one percent to 57.5 billion crowns. "Covid-19 has only had a limited impact on our business so far, but we are closely monitoring all signs of a change in the situation," said CEO Borje Ekholm.

Independently of this, Ericsson announced that it had signed a five-year contract for several billion crowns with the telecommunications group Telia for the development of the 5G network in Northern Europe and the Baltic States.

Suspects in alleged Markham illegal casino mansion linked to B.C. casino suspects .
Alleged criminal activities in Richmond, B.C., and Markham, Ontario have come into focus in recent weeks.He had just accepted a new role as chairman of the Canadian Alliance of Chinese Associations (CACA) and was displaying their banner at an August 2018 political gala in Vancouver.

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