By Gabriela Mello SAO PAULO (Reuters) - Swedish telecoms equipment maker Ericsson plans to invest 1 billion reais (£185.74 million) in Brazil to add a new assembly line dedicated to 5th generation technology (5G) for its Latin American operations, an executive told Reuters on Monday. The move is likely to stir competition with Finland's Nokia and China's Huawei Technologies Co [HWT.UL], which also have factories in Sao Paulo state and are racing to lead 5G deployment in Brazil.
The post Ericsson to invest over $230 million in Brazil to build new 5G assembly line appeared first on Firstpost.
from Firstpost https://ift.tt/2DcRPdI
Comments
Post a Comment