Telecoms equipment supplier Ericsson is yet to see an increase in contract wins ...
STOCKHOLM - Telecoms equipment supplier Ericsson is yet to see an increase in contract wins on the back of security concerns over China’s Huawei, the Swedish company’s chief executive said on Wednesday
The mobile network gear maker counts market leader Huawei and Finland’s Nokia as its main rivals and some analysts think it could benefit from Western suspicions of Huawei, after Washington alleged its gear could be used by Beijing for spying.“What we see is that customers are worried,” Ericsson Chief Executive Borje Ekholm told Reuters ahead of the firm’s annual meeting at a venue close to its north Stockholm headquarters.
EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban Huawei across the bloc. Ericsson won back a 5G customer from Huawei in its own backyard last week when it signed a comprehensive deal with Denmark’s TDC to deploy its 5G platform and modernize the carrier’s radio access and core networks.
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