STOCKHOLM, Sept 22 (Reuters) - Swedish telecom gear
maker Ericsson said on Monday it has got an
eight-year deal worth 12.5 billion Swedish crowns ($1.33
billion) to supply 5G communications equipment to
VodafoneThree's UK mobile network.
In June, Vodafone ( VOD ) and CK Hutchison ( CKHUF )
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.
Ericsson 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.
For the Swedish company, the European contract comes at a
time when there is a slowdown in markets such as India and
tariffs dampen profits from sales in the United States.
($1 = 9.3869 Swedish crowns)
($1 = 0.7431 pounds)
(Reporting by Supantha Mukherjee in Stockholm; Editing by
Mrigank Dhaniwala)