Cookie Consent by Free Privacy Policy website Ericsson awarded reduced market share by China Mobile
july 20, 2021 - Ericsson

Ericsson awarded reduced market share by China Mobile

  • Ericsson share for #chinamobile CP for 700MHz radio award is 2%
  • Decision reflects earlier market guidance in connection with global risk factors

Following a review of bids in the CP for 700MHz radio round of China’s #5g network development, #ericsson has been awarded 2% market share.

In line with earlier market guidance to investors, this is materially lower than the market share previously awarded to the company in the 2.6GHz CP2 (11%).

China Mobile is the first operator to award under the latest round of CP’s for #5g radio. Given the context and based on the bidding rules, should #ericsson be awarded business in China Unicom and China Telecom we believe it would be in a similar range as with the #chinamobile award.

As previously disclosed by #ericsson (NASDAQ: ERIC) most recently in its Q2 2021 financial report and in its 2020 annual report, the risk of lower market share award follows the decision by the Post and Telecommunication Authority (PTS) to exclude Chinese vendors’ products from the #5g auction in Sweden.