Why the Future Looks Bright for Ericsson
The future looks bright for Ericsson (ERIC), as the company has been gaining market share at a time when the uptake of 5G (fifth-generation) network technology is expected to speed up, enlarging the addressable market for telecommunications (telecom) equipment vendors. Ericsson was the only one of the top three telecom equipment vendors that gained market share in the second quarter, according to industry research company Dell’Oro Group.