Ericsson expected 30 percent or 2.8 billion people will use 5G services by 2025, which will creates business opportunities for carriers and enterprises in China as the world’s top market by 5G investment, the telecommunications giant said on Thursday.
In China, Ericsson will increase investment on research and carbon neutrality, including 3 billion yuan (US$461 million) annual investment on research and a new lab for sustainable development.
“Asia Pacific, and especially China, dominate the 5G investment in the world. Countries that lead in the digital world will reap clear competitive advantages. Those who fail to do so will inevitably lose competitiveness,” said Chris Houghton, Ericsson’s Senior Vice President and Head of Market Area North East Asia.