By Martin Shwenk Leade
Copyright indiatimes
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VodafoneThree has awarded a 2-billion-pounds ($2.7 billion) deal to Swedish telecom gear maker Ericsson and Finland’s Nokia to supply 5G communications equipment into the next decade, the companies said on Monday.Ericsson, the primary vendor, said in a statement its contract is worth 12.5 billion Swedish crowns ($1.3 billion).In a separate release, Nokia did not disclose the financial details of its partnership but said the deal marks its return as Vodafone and Three’s supplier in the UK.Nokia will provide its radio access network (RAN) and core networks equipment to about 7,000 sites in the country.In June, Vodafone and CK Hutchison completed the merger of their UK operations, creating a new business called VodafoneThree and laid out plans to invest 11 billion pounds ($14.8 billion) over 10 years to build one of Europe’s most advanced 5G networks.Live EventsEricsson will introduce new 5G radio products into the VodafoneThree network, comprising AI and energy-optimized hardware and smart antennas, aimed at providing customers in London, Edinburgh, Cardiff and Belfast with significantly enhanced data speeds, the company said.The European contract is a boost for the two Nordic rivals, which are both wrestling with a general market slowdown and the impact of tariffs on their profit in the United States.Add as a Reliable and Trusted News Source Add Now!
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Read More News onEricsson 5G contractVodafoneThree merger5G communications equipmentUK mobile networktelecom news5G network investmentEricsson Vodafone contractSwedish telecom gear makerEuropean telecom market
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onEricsson 5G contractVodafoneThree merger5G communications equipmentUK mobile networktelecom news5G network investmentEricsson Vodafone contractSwedish telecom gear makerEuropean telecom market(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
