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WKN: 850001 ISIN: SE0000108656 Ticker-Symbol: ERCB 
Tradegate
03.06.20
09:11 Uhr
8,574 Euro
+0,062
+0,73 %
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Telekom
Aktienmarkt
OMX Stockholm 30
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Ericsson and Magyar Telekom Launch Commercial 5G in Hungary

- Parts of Budapest first to benefit from the new services

- 5G milestone is the latest in a long partnership between the partners spanning 2G, 3G and 4G

- Groupama Arena in Budapest, Puskás Ferenc stadium in Budapest and ZalaZone vehicle test-track in Zalaegerszeg among the sites to benefit

KISTA, Sweden, April 9, 2020 /PRNewswire/ -- Magyar Telekom and Ericsson (NASDAQ: ERIC) have launched commercial 5G in Hungary, with initial services live in parts of Budapest and Magyar Telekom's headquarters in Könyves Kálmán körút.

Magyar Telekom 5G commercial launch is based on 5G-ready products and solutions from Ericsson Radio System.

The live 5G network launch comes just two weeks after Magyar Telekom secured the related 3.5GHz spectrum in Hungary's spectrum auction on March 26. The network will be accessible to subscribers via 5G-ready devices, enabling them to benefit from the new generation of connectivity.

Tibor Rékasi, CEO, Magyar Telekom, says: "Magyar Telekom has been preparing to launch 5G for a long time after exploring the business opportunities and 5G technology and operating a test network for six months with Ericsson. This enables us to launch commercial service quickly after receiving the frequency license. 5G provides our customers with higher data rates and low latency, as well as connection of many new devices, and 5G will become a platform for new applications and opportunities for both industries and individuals."

Arun Bansal, President Europe and Latin America, Ericsson, says: "I am incredibly pleased to build on the strong and fruitful partnership we have with Magyar Telekom, who are just as committed to innovation and digitalization as us. As leaders in 5G, we at Ericsson have seen the massive impact it has on innovation, and I'm excited to see what opportunities it will bring to Hungary."

He adds: "Particularly in times of crisis, mobile networks are even more critical than ever before. We are all relying on them to stay connected and safe, from emergency and health services to family communication. 5G opens possibilities like never before, from remote medical care, instant emergency services, drones delivering supplies, all of which can support society during a pandemic."

Find out more about Ericsson 5G
Find out more about Ericsson Spectrum Sharing
Find out more about Ericsson Radio System

NOTES TO EDITORS:

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ABOUT ERICSSON:
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com (+46-10-719-69-92)
investor.relations@ericsson.com (+46-10-719-00-00)

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-and-magyar-telekom-launch-commercial-5g-in-hungary,c3085552

The following files are available for download:

https://mb.cision.com/Main/15448/3085552/1227730.pdf

PDF Ericsson and Magyar Telekom launch commercial 5G in Hungary

https://news.cision.com/ericsson/i/aerial-view-of-budapest-hungary,c2771355

Aerial view of Budapest Hungary

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© 2020 PR Newswire
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