to be worth less than radio contracts, but they are a critical source of long-term service revenues. Ericsson and Huawei are the top two vendors of 5G Core services in terms of market share, through Cisco, Nokia, Samsung, and ZTE also compete in the field, Dell'Oro Group. These vendors are racing to establish 5G Core partnerships now, as this serves as the basis for an ongoing relationship with network operators.
This relationship requires R&D investment on the part of the 5G Core vendor, which can help the network operator derive new capabilities from the 5G network over time. In Ericsson's Q2 2020 earnings call, CEO Borje Ekholm , "5G Core has been won in a number of ... customer networks, but [there's] still a lot of customers remaining.
5G Core services will play a crucial role in Ericsson's efforts to boost revenue in Northeast Asia. On a quarter-over-quarter basis, Ericsson's sales from Northeast Asia grew 99%, from SEK 6.5 billion in Q2 2019 to SEK 3.9 billion in Q2 2020. While 5G equipment deployments played a crucial role in driving revenue growth in Northeast Asia, 5G Core services can help sustain the revenues in the long term.
The Softbank contract builds on Ericsson's momentum in Northeast Asia, where it now has 5G Core services partnerships with
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
IBM earnings beat estimates on cloud strength; shares up 6%International Business Machines Corp posted second-quarter revenue and profit that beat analysts' estimates on Monday, riding on the strength of its high-margin cloud computing business, sending its shares up 6%. 😮 Who wudda thunk IBM....IBM.... Impervious to a nasty Virus....?
Source: Reuters - 🏆 2. / 97 Read more »
Disney reportedly slashes Facebook ad spend amid big-business boycott - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Not because they don’t like facebook, but because they’re cutting costs... Thank you Disney FB is crap you don't need and propaganda you don't want. Are they boycotting it just cutting budgets?
Source: BusinessInsider - 🏆 729. / 51 Read more »
6 ways to develop devoted customers and strengthen brand loyalty for your small business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »