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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Vodafone Group Plc    VOD   GB00BH4HKS39

VODAFONE GROUP PLC

(VOD)
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Vodafone : Ericsson and Vodafone go live with 5G in Ireland

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08/14/2019 | 09:23am EDT

Ericsson and Vodafone Ireland have launched the first commercial 5G network in Ireland.

Live across locations in Cork, Limerick, Dublin, Galway and Waterford, the partners will continue expanding their network throughout the country over the coming months.

At the launch in Cork on 13 August, Ericsson presented their Mixed Reality (Urban Planning VR) Demo. It was also the launch of the Vodafone Global Center of Internet of Things excellence in healthcare in partnership with Assert.

Using Baseband 6630 and AIR 6488 products from the Ericsson Radio System portfolio, Vodafone Ireland has activated the network over their recently acquired 5G spectrum. This deployment marks one of many for Ericsson, who have 5G activations all over the world.

At the launch, John Griffin, Managing Director of Ericsson Ireland said: 'We work closely with our customers to be at the forefront of technology and we were the first to support the launch every generation of mobile technology in Ireland. We are therefore proud to support the first 5G launch, too.

'Ericsson has been investing in Ireland for 60 years. Our Research and Development centre in Athlone is still one of the biggest in the country, where they're currently developing key components of 5G networks and firmly putting Ireland on the map of 5G innovation.

'By providing solutions for almost two-thirds of all commercially launched 5G networks spanning across 4 continents, Ericsson is leading the way for the next generation of connectivity.'

With the Ericsson Consumer Lab report highlighting that consumers in Ireland expected 5G in 2021, this launch puts Vodafone and Ericsson ahead of local expectations.

Speaking at the launch event, Anne O'Leary, CEO of Vodafone Ireland, said: '5G is set to revolutionize how we use and adopt technology and will have a huge impact on businesses and society in Ireland. It will bring high speed, ultra-low latency and highly secure connectivity to a massive amount of devices; and is a technology that will unlock a vast array of new use cases through Vodafone's next-generation network.'

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (EUR)
Sales 2020 44 814 M
EBIT 2020 4 584 M
Net income 2020 2 509 M
Debt 2020 31 982 M
Yield 2020 5,48%
P/E ratio 2020 16,9x
P/E ratio 2021 16,7x
EV / Sales2020 1,70x
EV / Sales2021 1,69x
Capitalization 44 212 M
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Average target price 2,00  €
Last Close Price 1,65  €
Spread / Highest target 63,9%
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Nicholas Jonathan Read Group Chief Executive Officer & Executive Director
Gerard Johannes Kleisterlee Chairman
Margherita Della Valle Group Chief Financial Officer & Director
Johan Wibergh Group Technology Officer
Samuel Esson Jonah Independent Non-Executive Director
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