Tech

Telecoms – 5G Battle

Telecoms - 5G Battle

Swedish Telecom giant Ericsson have recently had a 40% increase in their share since April closing today at $11.71. Shares in Ericsson soared more than 10% on Friday the 17th of July 2020, after the Swedish telecoms company reported higher-than-expected second-quarter earnings, boosted by a rise in the 5G network sales and software revenue.

China is considering retaliating against the Chinese operations of two major European telecommunication-equipment manufacturers, Nokia Corp. and Ericsson AB, should European Union members follow the lead of the U.S. and U.K. in barring China’s Huawei Technologies Co. from 5G networks,

Last week, the U.K., which left the EU earlier this year, ordered its wireless carriers to stop buying Huawei 5G equipment by the end of 2020 and to remove Huawei 5G equipment from its networks by the end of 2027.

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