Ericsson CEO Börje Ekholm has advised shareholders that the coronavirus pandemic has had no influence on the corporate and that it could proceed to assist prospects as a lot as doable through the outbreak.
Talking on the agency’s Annual Normal Assembly, which was largely held remotely, Ekholm stated Ericsson had had a powerful 12 months and that the present international scenario demonstrated the significance of communications throughout a disaster.
”Our prime precedence for the time being is the well being and security of our staff, prospects, and different stakeholders. To date, we’ve not seen any materials influence on our enterprise, however we’re intently following the developments in society,” he stated.
The pandemic comes at a time when operators all over the world are investing in 5G gear. There have been issues that rollouts may very well be impacted by authorities restrictions whereas communications suppliers inevitably is likely to be specializing in making certain their current infrastructure can assist the extra calls for being positioned on it.
Nonetheless Ekholm stated 5G adoption had to date exceeded its expectations and that it was in a powerful money place to climate any disruption.
“Final 12 months we talked about switching on 5G globally,” he continued. “At present, we will say that we’ve succeeded. The world’s first 5G community was launched with Ericsson’s know-how and the identical was true for the primary community in Europe.”
“Proper now we’ve 86 business 5G agreements and 27 stay networks in four continents. Ericsson is main the 5G growth. I see nobody in entrance of us.”