Swedish origin telecom equipment manufacturing company Ericsson said that it is in contact with the Indian Telecom. This communication is on the prospect of 5G technology. Ericsson has already tied relations with Bharati Airtel.
The company has also revealed the fact that it has already signed 36 understanding memoranda. Telecom operators from all around the world signed these memoranda. Ericsson conducted a first-ever live 5G end-to-end demonstration regarding speed and functionality of the 5G network. This end-to-end demonstration contained the Ericsson’s 5G testbed together with the 5G New Radio. It gave an output of 5.7 Gbps at an ultra-low latency of 3 milliseconds.
According to a study conducted by Swedish company Ericsson, an amount of 27.3 billion US dollars of revenue potential is possible. According to this study, this revenue potential will probably take place by the end of 2026.
The major sectors with the opportunity of development are many as a result of 5G services. The areas mainly include manufacturing, energy, utilities, as well as public safety and health sectors. This revenue will be higher than the revenue generated by the traditional services. By the end of 2026, The traditional services will probably bring 63 billion US dollars. These expected values were all written in the report by Ericsson.
Mr Nunzio Mirtilo, Head of Market Area-Southeast(SE) Asia, Oceania and India, Ericsson recently said that,
“We are strengthening our commitment to the Indian market by pioneering the first live 5G demonstration in the country. The 5G technology showcase has been organised in the direction of creating a robust 5G ecosystem as the government plans to have 5G network rollout by 2020.”
Following this, Mr Nitin Bansal, the managing director of Ericsson India also recently said that,
“5G is expected to play a major role in the digitalisation of industries. 5G will bring the new level of performance and characteristics to the telecom networks enabling new services and creating new ecosystems. New revenue streams will open for operators as they go beyond being Connectivity and Infrastructure providers to become service enablers and service creators.”
The review revealed that the revenue potential will rise to 400 million US dollars. This rise will be for the telecom operators in India. 5G services functionality will result in its application in various areas. These areas include mapping, livestock routing and monitoring, as well as on-field applications and related services. Moreover, Bharati Airtel is probably the first telecom operator on Ericsson’s list of Indian Telecom operator for 5G services.