Sweden’s Ericsson sees 220 million 5G subscriptions by year end

The company forecast 3.5 billion 5G subscriptions by the end of 2026, accounting for more than 50% of mobile data traffic, and with four out of every 10 mobile subscriptions being 5G. — AFP Relaxnews

STOCKHOLM: Sweden’s Ericsson on Nov 30 raised its global forecast for 5G mobile subscriptions to 220 million by the end of this year, citing faster than expected uptake in China.

The telecoms equipment maker, which had previously forecast 190 million subscriptions, said it expects China to account for almost 80% of the newly forecast total.