According to Borje Ekholm, the worldwide CEO of Ericsson, India is now deploying 5G at one of the quickest rates in the world and will surpass most other nations by the end of 2023.
Speaking to ANI, Ekholm stated: “I would say that by the end of 2023, it will be clearly ahead of most other countries in the world.”
India has a large pool of skilled software developers, according to Ekholm, who was speaking about India as a commercial destination.
“That’s going to drive the next level of growth in India and that makes it for us a very important market. We’re already almost 25,000 employees here in the country. We continue to grow and we strengthen our presence in R&D, Software development, service delivery, AI, automation, and all of those areas. We provide the critical infrastruct, the software and hardware that builds 5G Network. So we’re quite excited about our presence in India.”
Importantly, Indian telecom service providers began offering fast 5G services in the nation starting in October 2022. In August 2022, the government sent letters to telecom service providers requesting them to get ready for the launch of 5G services in the nation.
From the 5G spectrum auction, the Department of Telecom has received total bids of Rs. 1.50 lakh crore.
How does is 5G different?
The fifth-generation (5G) mobile network is able to send massive amounts of data at extremely fast rates.
5G has an extremely low latency compared to 3G and 4G, which will improve user experiences across a variety of industries. Low latency is a term used to indicate how quickly a large amount of data packets may be processed.