In an interview with Reuters, Ericsson’s top executive Borje Ekholm vowed to double down on efforts to regain market share lost in China after Sweden blocked Chinese suppliers from its 5G roll-out, a move that antagonized Beijing and has hit the equipment maker’s business. China accounted for about 10% of Ericsson’s revenue last year, but that fell sharply after the company’s home country of Sweden banned Huawei from its 5G networks, citing security risks – a charge that Huawei has strongly denied.
Technology
Reuters exclusively reports Ericsson CEO to double down on China as 5G tussle rumbles on
03 September 2021, 6:00 pm. 1 minute
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: AsiaEurope
Countries: ChinaSweden
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story