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0O86 Telefonaktiebolaget Lm Ericsson (publ)

68.60
0.00 (0.00%)
22 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telefonaktiebolaget Lm Ericsson (publ) LSE:0O86 London Ordinary Share SE0000108649 ERICSSON A ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.60 339 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Tele & Telegraph Apparatus 263.35B -26.45B -7.9081 -0.61 16.09B

Ericsson Mobility Report: Global 5G growth continues - India leading the way

21/06/2023 7:32am

PR Newswire (US)


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  • 5G mobile subscriptions are growing in every region and forecast to top 1.5 billion globally by the end of 2023  
  • Continued revenue growth in leading 5G markets 
  • 5G continues to drive innovation in mobile service packaging

STOCKHOLM, June 21, 2023 /PRNewswire/ -- Despite geopolitical challenges and macroeconomic slowdown in some markets, communications service providers worldwide are continuing to invest in 5G, the June 2023 edition of the Ericsson (NASDAQ: ERIC) Mobility Report shows. Following the launch of 5G services in October 2022, the major 5G Indian market is witnessing huge network deployments under its Digital India initiative.

5G subscriptions in India reached about 10 million by end of 2022 and are estimated to account for about 57 percent of mobile subscriptions in the country by the end of 2028, making it the fastest growing 5G region globally.

The latest Ericsson Mobility Report also reveals that the uptake of 5G subscriptions in North America has been stronger than expected in previous forecasts. At the end of 2022, the region had the highest 5G global subscription penetration at 41 percent.

5G subscriptions are rising in every region worldwide and forecast to reach 1.5 billion by the end of 2023. Global mobile network data traffic continues to grow with the monthly global average usage per smartphone expected to exceed 20 GB by the end of 2023.

The report also shows continued revenue growth in leading 5G markets. Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: "The global adoption of 5G technology has surpassed one billion subscriptions, bringing positive revenue growth for communications service providers in leading 5G markets. We see a strong link between the increase in 5G subscriptions and service revenue. Over the past two years, the introduction of 5G services in the top twenty markets has resulted in a seven percent revenue boost. This trend shows the growing value of 5G, benefiting users and service providers alike."

Worldwide, around 240 communications service providers (CSPs) have launched commercial 5G services and about 35 have deployed or launched 5G standalone (SA). The most common 5G services launched by service providers for consumers are enhanced mobile broadband (eMBB), Fixed Wireless Access (FWA), gaming and some AR/VR-based services, such as training and education.

The report also reveals that 5G continues to drive innovation in mobile service packaging. Among CSPs, it is increasingly common to offer bundles with various popular entertainment services included such as television, music streaming or cloud gaming platforms. About 58 percent of 5G service providers currently do this in various forms.

More than 100 CSPs, comprising about 40 percent of FWA service providers, currently offer FWA over 5G.

FWA is growing solidly in terms of:

  • Number of mobile service providers offering FWA 
  • Proportion of those offering FWA over 5G
  • Proportion of CSPs with speed-based tariff structures
  • Amount of traffic served, as both number of connections and traffic volume per connection increase.

By 2028 5G is estimated to account for almost 80 percent of all FWA connections.

The June 2023 Ericsson Mobility Report includes four in-depth articles: 

  • Exploring how traffic patterns drive network evolution
  • Exploring differentiated service with 5G networks
  • AR uptake enabled by mobile networks 
  • Mobile quality of experience: Network readiness for new services

Ericsson will host an Ericsson Mobility Report webinar at 09.00 (CEST) and 18.00 (CEST) on Wednesday, June 21. To join please register here

Read the full June 2023 Ericsson Mobility Report.

Related links:
Ericsson Mobility Report
Ericsson Mobility Report Business Review edition
Ericsson 5G
Ericsson 4G and 5G Fixed Wireless Access
Ericsson: Breaking the energy curve
Ericsson: 5G the next wave - what does consumers want

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media.relations@ericsson.com  (+46 10 719 69 92)
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ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following 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

The following files are available for download:

https://mb.cision.com/Main/15448/3789718/2142931.pdf

PDF Ericsson Mobility Report: Global 5G growth continues - India leading the way

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Ericsson Mobility Report June 2023 Cover jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/ericsson-mobility-report-global-5g-growth-continues---india-leading-the-way-301856339.html

Copyright 2023 PR Newswire

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