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ERIC Ericsson

5.30
0.00 (0.00%)
Pre Market
Last Updated: 10:24:07
Delayed by 15 minutes
Name Symbol Market Type
Ericsson NASDAQ:ERIC NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 5.30 5.29 5.30 9,808 10:24:07

Ericsson in Deal With Reliance Jio Infocomm to Build Indian 5G Standalone Network

17/10/2022 8:14am

Dow Jones News


Ericsson (NASDAQ:ERIC)
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From May 2022 to May 2024

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By Dominic Chopping

 

STOCKHOLM--Ericsson AB said Monday that it has entered a long-term strategic contract with Indian communications service provider Reliance Jio Infocomm Ltd. to roll out a 5G standalone network in the country.

The Swedish telecom-equipment company said the deal follows the allocation of 5G spectrum in the recently concluded auctions in India.

This is the company's first partnership with Jio for radio access network deployment in the country, it said.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

October 17, 2022 02:59 ET (06:59 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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