Ericsson raises 2025 forecast for 5G subscriptions due to pandemic

ARCHIVE PHOTO: The Ericsson logo is seen at Ericsson headquarters in Stockholm, Sweden, on June 14, 2018. Photo taken on June 14, 2018. REUTERS / Olof Swahnberg.

STOCKHOLM (Reuters) – Sweden's Ericsson will raise its worldwide 5G subscription forecast to about 2.8 billion in 2025 in 2025, from the 2.6 billion previously seen, as a result of the coronavirus outbreak, it said on Monday. market.

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The telecommunications sector has been one of the few to experience growing demand, despite the economic uncertainty linked to the pandemic, as more people work remotely.

"In the long run, we analyzed 2025 2.8 billion 5G subscriptions," said Patrik Cerwall, head of strategic marketing at Ericsson, at a web seminar held by the telecommunications equipment maker.

Reporting by Helena Soderpalm and Supantha Mukherjee; edition by Johannes Hellstrom

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