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Networks sales in North America, Asia drive Ericsson growth in Q2

Ericsson has 23 publicly announced 5G contracts

With its gear supporting 23 publicly announced 5G contracts, including with the four Tier 1 U.S. carriers and all three Korean mobile network operators, Ericsson reported this week a 10% second quarter year-over-year increase in sales driven by uptake in North America and Northeast Asia.

CEO Börje Ekholm said Ericsson’s equipment is presents in “almost two-thirds of all commercially launched 5G networks…Initially, 5G will be a capacity enhancer in metropolitan areas. However, over time, new exciting innovations for 5G will come with IoT use cases, leveraging the speed, latency and security 5G can provide.

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