Sweden’s Ericsson is getting ready to face new US-backed telecoms gear challengers

  • The prospect of a new rival could be a blow to Ericsson, which has made a successful turnaround under CEO Borje Ekholm
  • The US government’s global campaign against Huawei opened the opportunity for Ericsson and Nokia to expand in Western markets

Ericsson chief executive Borje Ekholm would like to see the European Union support the company’s customers – mobile network operators such as Deutsche Telekom, Vodafone Group and Orange – in their 5G network development efforts. Photo: Reuters
Swedish telecommunications equipment giant Ericsson says the virtual duopoly it is enjoying in some Western markets since the exclusion of Huawei Technologies Co will not last forever.
Ericsson and Finland’s Nokia are thriving in markets, including the US and the UK, since their powerful Chinese competitor was barred from 5G wireless supply deals worth tens of billions of dollars.
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