ADVERTISEMENT

5G likely to fuel huge business potential

Telco

Fifth-generation networks (5G) will not be available any time soon, but preparations are under way. Ericsson and Magyar Telekom recently demonstrated the capacities of 5G New Radio by achieving download speeds of 22 Gbps.

While major deployment of 5G networks is not expected until 2020, development of pre-commercial products, testing and spectrum is ongoing. Ericsson and Magyar Telekom recently jointly highlighted the latest technology development at the Ericsson R&D center in Budapest, where Ericsson engineers demonstrated the latest cellular radio equipment built on the pre-standard 5G New Radio (NR) 3GPP recommendations, according to an announcement posted on the companyʼs website.

The demonstration was operating on the 15GHz frequency band with 800 MHz bandwidth. The integrated radio technology of NR enables downlink speeds that are upwards of 20 times faster than today’s technologies. Furthermore, the NR standard is capable of beamforming, which enables point-to-point data transmission at very high speeds.

“This demonstration is a real milestone for our partnership with Magyar Telekom,” said Gábor Éry, Country Manager at Ericsson Hungary. “This is the first time a 5G radio link has been established in Hungary and this implementation is helping to ensure that Magyar Telekom is well prepared to take full advantage of the potential of 5G.”

Ericsson foresees huge business potential with 5G and expects that by 2026 there will be a market opportunity of USD 582 billion and the potential to grow revenues by 34%.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.