- The visit outlines how 5G will foster new business and market opportunities in Oman
As part of the collaborations between Ericsson (NASDAQ: ERIC) and the Oman Telecom Regulatory Authority (TRA), Ericsson hosted a TRA delegation at its headquarters in Sweden to highlight global best practices and outline how 5G will foster new business and market opportunities in Oman.
A key aim of the event was to share information about Swedish Regulatory as well as shed light on next-generation technologies and Ericsson services.
Mohammed Al Kindy VP Regulatory & Compliance at TRA says: "The main focus of our ICT development is to accelerate digitalization as well as to create a healthy ICT ecosystem to support the growth of 5G. In this way, we contribute to realizing the government's Vision 2040 to transform the country. Initiatives such as Ericsson's 5G showcase will power innovations and help transform technology infrastructure in Oman, bringing more opportunities to people, business and society."
Abdullah Al-Balushi, Ericsson Oman Country Manager says: “By the end of 2025, we expect 5G to have 2.6 billion subscriptions covering up to 65 percent of the world’s population. Meanwhile, consumers will be able to enjoy new applications like augmented reality and 4K video streaming and industries will benefit from innovative IoT applications such as smart transport and remote healthcare, creating significant opportunities. With 5G rollout underway in most countries in the GCC, Ericsson sees the need to support the government, telecom operators and industries in Oman to prepare for the launch of this next-generation technology."
As a 5G technology provider, Ericsson has worked closely with mobile operators around the world in the development of 5G, through standardization, trials, and prototyping. Ericsson’s standalone 5G solutions ensure super-fast response times as well as the future-readiness of the network architecture, opening up new service-creation opportunities. The new solutions extend network capacity and coverage, enabling smooth network evolution, and facilitating new consumer and industry use cases.
For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press
MORE INFORMATION AT:
(+46 10 719 69 92)
(+46 10 719 00 00)
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.