Mobile telecom equipment maker Ericsson reported a bigger that expected rise in first-quarter operating earnings on Wednesday, adding that it saw particularly strong growth in North America.
div > div.group > p:first-child"> The Swedish firm posted an operating profit of 4.9 billion Swedish crowns , reversing a 312 million crown loss a year ago, easily topping the mean forecast for a 2.8 billion profit seen in a Reuters poll of analysts.
"The reality is the U.S. market is a leader in 5G, they were the first to launch and for us, our strategy is to work with lead customers in lead markets," he said."I cannot comment on competitors, but I can say that we are a key participant in the North American market to help operators move into 5G."
Ekholm predicted that Beijing would also push 5G infrastructure"very quickly," and that Ericsson wants to position itself as a supplier to operators using China's new network. However, Ericsson's growth in China could be hampered by an investigation into the firm's licensing model by Chinese authorities. Ekholm said Ericsson was working with the Chinese government on the investigation but declined to comment further.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ericsson profit beats forecasts for fifth straight quarter as savings, 5G sales kick inMobile telecom equipment maker Ericsson beat first-quarter result forecasts on W...
Read more »
China Investigates Ericsson Over Licensing as 5G Competition Heats UpTelecom-equipment maker Ericsson is being investigated by China’s antitrust authorities over its technology licensing practices, as 5G competition heats up between companies and governments.
Read more »
If US wants to be leader in 5G, it should approve Sprint, T-Mobile merger: AnalystA Sprint, T-Mobile merger is the path to the best 5G network we're likely to see in the U.S. and it will drive AT&T and Verizon to invest, says New Street Research's Jonathan Chaplin
Read more »
Germany reportedly won't exclude Huawei 5G technology — if it follows the rulesGermany's telecom regulator has no plans to stop Huawei from participating in its 5G infrastructure, provided the company satisfies security requirements, the FT reported.
Read more »
Huawei says not discussed 5G chipsets with Apple: chairmanHuawei Technologies, one of the world's biggest smartphone makers, has not ...
Read more »
Why Wall Street is worried that Apple is getting left behind in the 5G arms raceMany industry analysts are predicting a tough time for Apple in the race to embrace 5G, but this won't necessarily harm the company long-term.
Read more »
Germany reportedly won't exclude Huawei 5G technology — if the company follows the rulesGermany's telecom regulator has no plans to stop Huawei from participating in its 5G infrastructure, provided the company satisfies security requirements, the FT reported.
Read more »
Poland to hold off blanket ban on Huawei 5G gear due to cost concernsPoland is unlikely to exclude all Huawei equipment from its next generation mobi...
Read more »
The Netherlands forms task force to assess 5G supplier risksThe Dutch government on Monday said it will establish a special task force to we...
Read more »