Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ERICSSON AB

(ERIC B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Telefonaktiebolaget LM Ericsson : U.S. Cellular, Qualcomm and Ericsson Achieve Extended-Range 5G Data Call Over mmWave

share with twitter share with LinkedIn share with facebook
09/17/2020 | 02:00pm EDT

-- Successful 5G NR mmWave Data Call Completed Using a 5G-Enabled Device at a Distance of more than 5 km and Speeds Greater than 100 Mbps -

-- Achievement Demonstrates mmWave's Ability to Revolutionize the Broadband Industry with 5G Fixed Wireless Access for Urban, Suburban and Rural Communities - September 17, 2020SAN DIEGO

U.S. Cellular, Qualcomm Technologies, Inc. and Ericsson (NASDAQ: ERIC) today announced that the companies have successfully achieved the first extended range 5G NR millimeter Wave (mmWave) data call in the U.S. on a commercial network. The extended-range data call milestone was completed in Janesville, Wisconsin over a more than 5 km distance with speeds >100 Mbps. This achievement redefines the perception of 5G mmWave spectrum as an urban- or high-density-only deployment technology and offers new opportunities to use current infrastructure for broader 5G coverage.

This milestone demonstrates that mmWave can help close the "connectivity divide" and expand broadband services throughout rural, suburban, and urban communities. This breakthrough gives communications service providers a cost effective way to expand their coverage and deliver 5G experience to communities that previously were not serviced or may have lacked a reliable connection.

It will also open the door for new use cases, which will bring 5G benefits to homes and business everywhere, from urban to rural communities. For example, Fixed Wireless Access (FWA) installations can provide a cost-effective way to deliver fiber-like internet speeds wirelessly over mmWave to institutions such as schools, hospitals and town halls, and for addressing some of the "last mile" challenges in rural areas. FWA provides the bandwidth required to support high definition streaming services that can improve experiences like remote education and remote healthcare in suburban and rural environments.

Mike Irizarry, chief technology officer, U.S. Cellular, says, "This is a key strategic milestone in our 5G evolution. Expanding 5G mmWave coverage enables us to offer high-speed broadband services to consumers and businesses in rural areas and underserved communities and reinforces our commitment to technological leadership for rural America. It is a concrete example where U.S. Cellular is driving innovation leadership in extended range technology from Ericsson and promoting the high-power device ecosystem enabled by Qualcomm Technologies."

Alejandro Holcman, senior vice president, engineering, Qualcomm Technologies, Inc. says, "This major milestone of using mmWave for an extended-range 5G data transfer is paving the way to implement fixed broadband services for broad coverage in urban, suburban and rural environments. With the introduction of the Qualcomm® QTM527 mmWave antenna module as part of the Qualcomm® Snapdragon(TM) X55 5G Modem-RF System, we are empowering operators and OEMs to offer high-performance, extended-range multi-gigabit 5G broadband to their customers - which is both flexible and cost-effective, as they can leverage existing 5G network infrastructure."

Per Narvinger, head of product area networks, Ericsson, says, "Ericsson is constantly pushing the boundaries of 5G technology to bring its benefits everywhere across the globe. Ericsson has a long and successful track record in extending coverage across generations of mobile technologies. Working with our partners, Ericsson has now demonstrated the commercial viability of long-range 5G radio capability for mmWave spectrum."

The milestone was achieved by applying extended-range software to commercial Ericsson hardware - including AIR5121 and Baseband 6630 - and a 5G CPE device powered by the Snapdragon X55 5G Modem-RF System with the Qualcomm QTM527 mmWave antenna module.

About U.S. Cellular

U.S. Cellular is the fourth-largest full-service wireless carrier in the United States, providing national network coverage and industry-leading innovations designed to elevate the customer experience. The Chicago-based carrier is building a stronger network with the latest 5G technology and offers a wide range of communication services that enhance consumers' lives, increase the competitiveness of local businesses and improve the efficiency of government operations. It is ranked #1 in the North Central Region in the J.D. Power 2020 Wireless Network Quality Performance Study - Volume 2. To learn more about U.S. Cellular, visit one of its retail stores or www.uscellular.com. To get the latest news, promos and videos, connect with U.S. Cellular on Facebook.com/uscellular, Twitter.com/uscellular and YouTube.com/uscellularcorp.

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

Qualcomm contacts: Pete Lancia Mauricio Lopez-Hodoyan

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE


share with twitter share with LinkedIn share with facebook
All news about ERICSSON AB
06:55aERICSSON : selected as BT's 5G partner for London and major UK cities
PU
06:34aBT : Chooses Ericsson to Roll Out 5G Networks in Major UK Cities
DJ
05:07aEricsson wins BT's 5G radio contract for London, other major UK cities
RE
10/22THE U.S. VS. CHINA : The High Cost of the -2-
DJ
10/22THE U.S. VS. CHINA : The High Cost of the Technology Cold War -- Journal Report
DJ
10/22ERICSSON B : Goldman Sachs reiterates its Buy rating
MD
10/22ERICSSON B : Credit Suisse gives a Buy rating
MD
10/22ERICSSON B : JP Morgan reiterates its Buy rating
MD
10/21Markets mixed with all eyes on U.S. stimulus talks
RE
10/21Markets mixed with all eyes on stimulus talks
RE
More news
Financials
Sales 2020 232 B 26 342 M 26 342 M
Net income 2020 15 342 M 1 744 M 1 744 M
Net cash 2020 19 662 M 2 235 M 2 235 M
P/E ratio 2020 22,5x
Yield 2020 1,51%
Capitalization 347 B 39 881 M 39 412 M
EV / Sales 2020 1,41x
EV / Sales 2021 1,31x
Nbr of Employees 99 826
Free-Float 89,0%
Chart ERICSSON AB
Duration : Period :
Ericsson AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON AB
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 116,34 SEK
Last Close Price 103,50 SEK
Spread / Highest target 35,7%
Spread / Average Target 12,4%
Spread / Lowest Target -16,9%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB26.90%39 881
CISCO SYSTEMS, INC.-23.12%155 629
FOXCONN INDUSTRIAL INTERNET CO., LTD.-24.08%41 101
MOTOROLA SOLUTIONS, INC.6.96%29 265
NOKIA OYJ8.09%23 732
ZTE CORPORATION-5.62%21 009