Ericsson: stock boosted by AT&T contract
(CercleFinance.com) - Ericsson's share was one of the biggest winners on the OMXS30 index on Tuesday, with the telecoms equipment manufacturer benefiting from a major contract signed with the US group AT&T.
After rising 2% yesterday, the Swedish group's share price was up another 1% at noon today, outperforming a pretty flat market in Stockholm.
Ericsson, which has been a partner of AT&T for the past 20 years, announced last night that the US incumbent had asked it to help accelerate its 5G coverage under a five-year agreement.
The deal is designed to enable AT&T to roll out its C-band spectrum project in the US and launch a so-called standalone 5G network, i.e. with its own facilities, independent of 4G.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
After rising 2% yesterday, the Swedish group's share price was up another 1% at noon today, outperforming a pretty flat market in Stockholm.
Ericsson, which has been a partner of AT&T for the past 20 years, announced last night that the US incumbent had asked it to help accelerate its 5G coverage under a five-year agreement.
The deal is designed to enable AT&T to roll out its C-band spectrum project in the US and launch a so-called standalone 5G network, i.e. with its own facilities, independent of 4G.
Copyright (c) 2021 CercleFinance.com. All rights reserved.