Ericsson plans HUF 3 bln expansion at R&D base in Budapest


Ericsson House in Budapest

The Hungarian unit of Swedish networking and telecommunications company Ericsson plans a HUF 3 billion expansion of its R&D base in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday.

The government is supporting the investment, which will create 200 jobs, with a HUF 600 million grant, Szijjártó said.

Ericsson will add the development of cloud-based multimedia systems to the base's activities, he added.

The R&D base employs more than 2,000 people.

Ericsson Magyarország CEO Gábor Éry said developments made at the base in Budapest in areas of 5G core networks, cloud computing, and microwave technology would not have been possible without cooperation with higher education. Ericsson Magyarország has supported that cooperation with more than HUF 13 bln, so far, he added.

Ericsson has signed more than 130 commercial 5G contracts, he said, adding that the company's biggest local business partner is Magyar Telekom.


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