The company says its new headquarters, incorporating state of-the-art R&D and innovation facilities, has more than 1400 employees, and is R&D-focused.
The Hungarian operations have been developed through a strategic partnership with Budapest University of Technology and Economics and the signing of a memorandum of understanding.
Ericsson says the goal of the MoU is to serve as a platform for “strategic competence provisioning and research”, providing added value to mutually strengthen BME and Ericsson.
“This talent, strong local presence, and our track record enables us to be the main and reliable partner in the development of 5G in Hungary.
“The MoU with Budapest University of Technology and Economics is also great news for local innovation and cooperation. In addition to research results, it will enhance our reputation among students and strengthen BME’s attractiveness as a place of study.”
The new facilities were officially inaugurated by Ekholm and Hungarian Prime Minister Viktor Orbán on Tuesday.