Ericsson expects 5G subscriptions to cross one billion in 2022


A weaker global economy and the uncertainties caused by Russia’s invasion of Ukraine lowered its estimate for 2022 by around 100 million, the company said in its biannual Mobility Report. — AFP

STOCKHOLM: Swedish telecom equipment maker Ericsson said on June 21 it expects global 5G mobile subscriptions to surpass one billion in 2022, helped by higher adoption in China and North America.

A weaker global economy and the uncertainties caused by Russia’s invasion of Ukraine lowered its estimate for 2022 by around 100 million, the company said in its biannual Mobility Report.

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