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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

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Telefonaktiebolaget LM Ericsson : Viettel Vietnam conducts its first 5G trial

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05/20/2019 | 06:37am EDT

Vietnam's largest mobile network operator Viettel has partnered with Ericsson to conduct the country's first 5G pilot.

Viettel installed a 5G base-station in Hanoi. The network runs at 1.5-1.7 Gbps.

The telco will conduct other trial projects in Hanoi and Ho Chi Minh City.

The pilots will start in June to collect a detailed evaluation on coverage, data and maximum speed to prepare for 5G network planning and design nationwide.

The minister of information and communications Nguyen Manh Hung, said: "Viettel and other operators must test their 5G deployment early in order to provide 5G connections for all the industrial sites and smart factories of the country in 2020."

"With the mission of constructing a digital society in Vietnam, Viettel is confident in its ability to master latest technologies. Viettel has just deployed 4G LTE-M and NB-IoT which make us one of the first 50 operators to deploy these technologies in the world. We are ready to resolve many challenges that society faces today using the most advanced technologies. We are also building the best network security team to protect the safety of our users," said Le Dang Dung, CEO of Viettel Group.

"Viettel and Ericsson both recognize the importance of using 5G to deliver the benefits of the Fourth Industrial Revolution, promising to transform digitally all industry from manufacturing, agriculture to healthcare and education," says Denis Brunetti, Chairman of Ericsson Vietnam, Myanmar, Cambodia and Laos.

(c) All KUNA right are reserved 2019. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SEK)
Sales 2019 218 B
EBIT 2019 20 361 M
Net income 2019 10 171 M
Finance 2019 19 604 M
Yield 2019 1,38%
P/E ratio 2019 29,10
P/E ratio 2020 20,61
EV / Sales 2019 1,31x
EV / Sales 2020 1,24x
Capitalization 306 B
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Mean consensus HOLD
Number of Analysts 22
Average target price 92,6  SEK
Spread / Average Target 0,85%
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Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Senior Vice President & Chief Technology Officer
Torbjörn Nyman Director
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