Ericsson (NASDAQ: ERIC) joins China Mobile’s 5G Joint Innovation Center program to accelerate development of next-generation wireless networks, which will be faster, more powerful and offer even greater opportunities.
The agreement to broaden their cooperation on 5G was first revealed as revealed at Mobile World Congress 2016 in Barcelona.
China Mobile’s 5G Innovation Center initiative aims to accelerate the development of 5G by establishing a cross-industry ecosystem and setting up an open lab to provide a platform for new products and applications, and to foster new business and market opportunities.
In January 2016, Ericsson and the China Mobile Research Institute signed a Memorandum of Understanding (MoU) to collaborate on the development of its Open NFV Lab and the NovoNet. In December 2015 the parties also signed another MoU, covering an extensive range of 5G research and development cooperation.
As part of this agreement, Ericsson jointly demonstrated connected sheep/livestock tracking utilizing NB-IoT technology at China Mobile’s booth during MWC 2016.
During MWC 2016, Shang Bing, chairman of China Mobile, paid a visit to Ericsson headquarters in Stockholm, Sweden, where he met Hans Vestberg, president and CEO of Ericsson.
While visiting Ericsson, Shan Bing said: “China Mobile pays a lot of attention to the developing trends of this industry. We saw at MWC 2016 that the ICT industry will embrace transformation in the following 5 years. It is crucial for China Mobile and Ericsson, as the two ships of this industry, to stride forward in the right direction in the coming 5 years. Ericsson has been an important partner to China Mobile for a long time. China Mobile values the partnership with Ericsson and hope to have more cooperation with this important partner during the coming 5 year transformative period.”
Hans Vestberg, president and CEO of Ericsson, said: “5G will enable people, industries and things to connect on an unprecedented scale, and this ability to connect will bring with it a whole new galaxy of devices and services. I am convinced Ericsson will lead the 5G evolution, and I also believe that working with partners like China Mobile is significant to realize the Networked Society.”