March 25, 2015
Ericsson (NASDAQ:ERIC) has today announced new collaborations with prestigious universities King's College London and Technische Universität Dresden (TU Dresden). The collective efforts will focus on 5G research, addressing both the technical implications and the societal challenges of implementing the next-generation of communications technology.
Ericsson is also leading the EU project METIS (Mobile and wireless communications Enablers for Twenty-twenty (2020) Information Society) and been a driving force of 5G PPP (5G Infrastructure Public-Private Partnership), in which vendors, operators and players from industries such as the automotive, utilities and automation sectors are working closely together.
5G is expected to begin its commercial rollout in 2020, by which time Ericsson believes that there will be up to 50 billion connected devices in the world, mainly in machine-to-machine communication.
5G networks will enable a wide variety of use cases such as evolved mobile broadband services, a range of machine-to-machine communication and media distribution. These services will demand diverse requirements on the performance of the networks.
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With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.
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