Swedish telecommunications equipment giant Ericsson has acquired US wireless network vendor Cradlepoint in a deal valued at US$1.1 billion (A$1.52 billion)
Had Chinese telecommunications equipment vendor Huawei Technologies not been banned from tendering for Australia's 5G networks, there is no doubt that local operators — TPG, Vodafone and Optus — would have been among the most advanced 5G operators and competitors would be forced to keep up, the chief corporate affairs officer of the Chinese vendor's local operation claims.
COVID-19 initially slowed mobile phone sales in the Asia Pacific and disrupted supply chains and demand for certain 5G-related end verticals, according to a new analyst report which now forecasts that digital factory revenues are primed for a post-COVID recovery worth US60 billion by 2030.
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