Ericsson technology company on Monday predicted 3.5 billion 5G subscriptions and 60 per cent global 5G population coverage by 2026.
Borje Ekholm, President and CEO, Ericsson, in a statement said that the scale of the technology shift would unleash an entirely new wave of innovation to address some of the planet’s most pressing issues.
Ekholm said, “For almost 150 years, Ericson technology has transformed nearly every sector of society.
“The networks we build have already connected billions of people and soon they will connect almost anything and everything.
“This era of hyper connectivity is going to help to address major global challenges like climate change and digital inclusion.
“Our new purpose and vision is anchored in the company’s values of respect, professionalism, perseverance and integrity.
“To capture the emerging opportunities, Ericsson launches its new purpose and vision to create connections that make the unimaginable possible and a world where limitless connectivity improves lives, redefines business and pioneers a sustainable future, “he said.
The statement said that Stella Medlicott, Head of Group Function Marketing and Corporate Relations, Ericsson, said that connectivity was key to reducing human impact on the planet and would help bridge the digital divide.
“Ericsson is launching a new look and feel for its brand as well as a series of future scenarios it believes will emerge in an era of hyper connectivity:
“By connecting every learning establishment and every learner.
“Future workforces will be increasingly more dependent on digital technologies for life-long learning and upskilling while mobile networks will deliver quality education to every school regardless of location.
“Entire business models will be transformed by limitless connectivity using real-time data that feeds instantly into design and manufacturing processes.
“The 5G platform that is currently being rolled out around the world is a fundamental, first step in helping to build this future digital society.”