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    ERIC B   SE0000108656


Real-time Estimate Cboe Europe  -  11:30 2022-12-06 am EST
66.50 SEK   -1.57%
07:07aEricsson Collaborates With O2 Telefónica On Moving 5G Network to Cloud
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SkyMax Network and Ericsson sign MoU for next-generation 5G network in Sub-Saharan Africa

08/11/2022 | 10:14am EST

SkyMax Network Limited ('SkyMax'), a multinational wireless communications engineering company, and Ericsson (NASDAQ: ERIC) have signed a Memorandum of Understanding (MoU) to create a partnership aimed at building a next generation 5G broadband network, inclusive of a digital services delivery platform, across Sub-Saharan Africa (SSA). The MoU, a result of a two-year collaboration between the two parties, serves as the basis for further discussions, interactions, and future collaborations.

Under the MoU, Ericsson will be SkyMax's trusted partner for network supply, rollout, and optimization and for managed services. Ericsson will explore partnership opportunities in end-to-end business and technology solutions including Radio Access and Mobile Transport network solutions, core network and provisioning systems, Business Support Systems, and Managed Services including Cognitive Software network optimizations and Business Consulting Support.

Wilfrid Aissi, President and Chief Executive Officer of SkyMax, says: 'SkyMax is committed to bringing solutions to the challenges facing Sub-Saharan Africa, developing new services opportunities, and revolutionizing the data-centric market in the region. Over the last two years, we have collaborated with Ericsson to bring the best offerings to Sub-Saharan Africa with a focus on accelerating 5G adoption to drive financial and social inclusion while reducing carbon dioxide emissions and increasing energy efficiency. With this MoU, we look forward to more collaboration and synergy between the two companies that will accelerate the digitization of the region.'

SkyMax's 5G Digital Service Delivery Platform (5G DSDP) is its high-speed data network that offers diverse offerings such as network slicing, ultra-low latency, Internet of Things (IoTs), edge computing, cloud computing, cloud telephony and Network Exposure Function or NEF (NEF enables third-party developers and enterprises to create and tailor their own network services on-demand on SkyMax 5G DSDP), all of which create a host of new opportunities. It enables the development of the digital economy by opening up opportunities in energy and water supply management, telecommunications, transport, financial services, telemedicine (including remote surgery), e-agriculture, smart ports, remote mining, medical records management, connected cars, industrial IoT, immersive education, the integration and interoperability of communicating objects and smart electrical grids and other so-called intelligent networks, a 'smart city,' and much more, all at a low service cost.

SkyMax intends to increase the development of broadband networks in SSA by sharing its 5G DSDP with incumbent service providers by using its 5G network slicing technologies.

In SSA, SkyMax plans to launch SkyMax Entrepreneurship Development (SED) to develop its private 5G network for new markets and applications with limitless possibilities. SkyMax will train and certify service providers, individuals, and businesses so they can best take advantage of the value private 5G will bring to areas such as e-agriculture, smart buildings and smart cities.

These entrepreneur partners will be able to develop their own private 5G businesses on SkyMax 5G DSDP for revenue sharing. SkyMax Entrepreneurship Development (SED) will have a profound and sustained impact on economic growth and job creation.

As part of the MoU, SkyMax will also be able to tap Ericsson's world-class technologies and global deployment experience in network design, network management and market development.

Todd Ashton, Vice President and Head of Ericsson South and East Africa, says: 'The work we have done together with SkyMax over the last two years has further convinced us that Ericsson's continuous Research & Development focus and leadership in 5G is providing the specific solutions needed to increase economic growth and financial inclusion while accelerating adoption of the Sustainable Development Goals (SDGs) in Africa. We look forward to working with SkyMax Network to capture the opportunities that we can offer the region together and accelerate #AfricaInMotion.'


Ericsson Newsroom

E: media.relations@ericsson.com

T: +46 10 719 69 92

E: investor.relations@ericsson.com

T: +46 10 719 00 00


Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency, and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com


SkyMax Network Limited ('SkyMax') is a telecommunications company focused on building a standalone high-speed and reliable 5G network for fixed broadband and mobile services in Sub- Saharan Africa. The concept for SkyMax was born out of the firm belief that there is a changing dynamic in Africa and that new 5G Data Network technologies will be key drivers of Africa's development and growth. SkyMax's objective is to close the digital divide in these underserved emerging economies by using new technologies to drive rapid technological transformation while addressing many of the UN's Sustainable Development Goals. SkyMax has a very seasoned group of executives with vast experience in telecommunications and doing business in Africa. www.skymaxnetwork.com.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Sales 2022 269 B 25 867 M 25 867 M
Net income 2022 20 825 M 2 006 M 2 006 M
Net cash 2022 29 671 M 2 858 M 2 858 M
P/E ratio 2022 10,9x
Yield 2022 3,79%
Capitalization 223 B 21 471 M 21 471 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,63x
Nbr of Employees 104 490
Free-Float 89,3%
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Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
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