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Benzinga

Business

Lekha Gupta

Ericsson Strikes $3 Billion Canada Deal To Power 5G, Quantum Innovation

Ericsson ERIC Canada EDC Vodafone

Stockholm,,Sweden,-,October,8,,2021:,An,Office,Building,At

Ericsson (NASDAQ:ERIC) shares are trading lower on Wednesday. The company disclosed a $3 billion three-year partnership with Export Development Canada (EDC).

The deal aims to expand Canadian R&D investment, strengthen local supply chains, and advance next-generation technologies, including 5G, Cloud RAN, AI, and quantum innovation.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Arizona rejects 3,000-acre data centre plan near Eloy despite scaled-back design

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