Shenzhen China – July 15th, 2020 - Fibocom (Stock Code: 300638), a leading global provider of IoT (Internet of Things) wireless solution and wireless communication modules, announces to sign up 5G/IoT Strategic Partnership Agreement with Ericsson. Ericsson is one of the world’s leading providers of Information and Communication Technology (ICT) to service providers.
Tiger Ying, Fibocom CEO, and Alfred Yau, Ericsson North East Asia - Head of Strategy and Commercial Management attended the “Cloud Signing Ceremony”. Fibocom and Ericsson will work together in terms of module promotion, product testing, 5G applications in vertical industries. With combined advantages of technology and resources, both parties will jointly propel the prosperity of 5G.
Simon Tao, Director of Fibocom 5G Industry Chain said, 'Ericsson is one of the world's leading ICT industry leaders and a global provider of 5G network equipment. It is a very great pleasure to reach strategic cooperation with Ericsson in areas including wireless end-to-end solution, 5G private network, and Industry 4.0. In the future, we will work together in brand promotion, product promotion, and product testing, jointly make more achievements in the 5G industry.”
Zhiwei Zhang, Head of Marketing, Market Region North East Asia at Ericsson said: '5G development in China is on the fast track. Looking back at the evolution of each generation of communication technology, we see that only when chipsets, modules, terminals, networks and applications reach end-to-end intercommunication can we achieve the commercialization of next-gen mobile technology, and 5G is no exception. This year in 2020, 5G is commercialized at scale, our strategic cooperation with Fibocom bears a special significance. With our collaboration in the complementary fields of network deployments, terminals, and modules we can leverage our advantages of technology and market to popularize 5G application in different vertical sectors, expecting the 5G blossom to reap soon.”
According to the latest edition of the 'Ericsson Mobility Report' released in June 2020, the number of global 5G subscribers will exceed 190 million by the end of 2020; by the end of 2025, it will reach 2.8 billion. Directly or indirectly, COVID-19 has affected everyone around the world, but 5G is still developing globally at a surprisingly fast pace. By leveraging the unique advantages of both parties, Fibocom and Ericsson will carry out in-depth cooperation in 5G applications such as smart factories, smart cities, telemedicine, remote education, finance, government, and other sectors to jointly provide seamless wireless solution to customer in vertical industries.