According to reports, the European Investment Bank (EIB) has signed a loan agreement worth 250 million euros with Ericsson to promote its 5G research and development.
The cash will be provided through the European Strategic Investment Fund (EFSI) jointly launched by the European Investment Bank and the European Commission, which will focus on the development of radio access network (RAN) hardware and software. Most of the R&D activities will be carried out in Sweden, and a small part of them will also be conducted in Ireland, Spain and Poland. Filling gel for optical fiber cable
Alexander Stubb, vice president of EIB, stated: "The development of 5G technology will become one of the most important innovations in the telecom industry in the next few years. Ericsson has always been one of the key contributors to this industry and we are proud to be able to help Ericsson."
Taking into account Ericsson's investment, this loan will undoubtedly help Ericsson achieve greater success in the 5G field. In the first quarter, Ericsson’s investment in R&D projects was only 900 million euros, which account for about 20% of net sales in the quarter. In contrast, in the first quarter, Nokia invested nearly 1.1 billion euros, accounting for more than 23% of the revenue for the quarter. Filling compound for optical fiber cable
Since early deployment is expected to be completed by the end of this year, and most operators will implement 5G deployment by 2020, this 250 million euros fund will certainly help Ericsson to flex its muscles in 5G R&D. filling jelly for optical fiber cable