Borje Ekholm, CEO of Ericsson, a major Swedish communication equipment manufacturer.

(Reuters)

[Financial Channel/Comprehensive Report] In recent years, 5G networks have gradually become popular, and all countries are actively developing 5G construction to seize business opportunities.

Borje Ekholm, CEO of Ericsson, a major Swedish communication equipment manufacturer, believes that India leads the world in the promotion of 5G technology.

"The Wall Street Journal" reported that Borje Ekholm said that the promotion of equipment to promote 5G technology worldwide is still in the early stages. Currently, China is leading the world, and another powerful country, the United States, has also been vigorously promoting 5G technology, while Europe is lagging behind. .

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As for the reason why Europe is lagging behind in the promotion of 5G, Borje Ekholm believes that the supervision of operators in the European continent is very strict, which prevents operators from earning back the capital cost that can be used for the required investment.

Borje Ekholm also pointed out that outside of China, India is the country with the fastest 5G rollout, and expects that India will soon be able to match China.

The speed of 5G promotion in India is so fast. Borje Ekholm believes that it is driven by the soaring data traffic in India, which is called to meet India's domestic data traffic demand. Indian operators are trying to use the additional capacity that 5G may provide, and believe that India is leading the way in promoting 5G Dominance will lay the groundwork for a boom in the country's tech sector.

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