Ericsson, Thales and Qualcomm plan to work jointly to develop a satellite-driven 5G network to improve terrestrial connectivity.
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Ericsson expects global 5G mobile subscriptions to surpass a billion in 2022, helped by higher adoption in China and North America.
Investors have publicly rebuked Ericsson CEO Börje Ekholm and the company’s board over a scandal involving potential payments to Islamic State.
Ericsson is the latest company to move to Johannesburg’s fast-growing Waterfall development, near Midrand, as the area increasingly attracts growing interest from tech firms.
Ericsson has raised its global forecast for 5G mobile subscriptions to 660 million by the end of this year, citing stronger than expected demand.
Ericsson has filed a lawsuit accusing Apple of engaging in unfair tactics to avoid paying royalties for the use of baseline 5G telecommunications technology.
Shifting geopolitics and a sharp round of cost cutting have put Nokia firmly back in the global 5G roll-out race just a year after CEO Pekka Lundmark took the reins at the Finnish company.
Google will bring its cloud services closer to customers using 5G wireless equipment built by Ericsson, stamping its mark on a business that was once the sole preserve of phone companies.
Sweden’s Ericsson said on Wednesday that the number of 5G subscriptions was expected to rise to 580 million by the end of 2021 from 220 million last year, and cross 3.5 billion by 2026.
Next month’s Mobile World Congress in Barcelona is shaping up as an early test of how quickly the global business events industry will bounce back from the pandemic.