Ericsson CEO says cloud capability key to capturing 5G market

Borje Ekholm, President and Chief Executive Officer of Ericsson, delivers his speech at Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard

Ericsson AB is betting on cloud technology to capture as much as possible of the US$1.2tril (RM5.32tril) market it expects fifth-generation mobile broadband services to spur, chief executive officer Borje Ekholm said. 

“5G is really starting to happen,” Ekholm said in an interview with Bloomberg TV at the Mobile World Congress in Barcelona. “What we’re starting to see is operators positioning their 4G networks and starting to evolve into 5G.”