Ericsson (NASDAQ: ERIC) has been selected by Greece's largest mobile communications service provider COSMOTE as its sole 5G Radio Access Network (RAN) vendor under a major network modernization deal.
COSMOTE, the mobile arm of OTE (Hellenic Telecommunications Organization), which is part of the Deutsche Telekom Group, is targeting 2021 for the commercial launch of 5G services. That will follow the expected auction of 5G spectrum by Greece's National Telecommunications and Post Commission (EETT) in the fourth quarter of 2020.
5G RAN products and solutions from the Ericsson Radio System portfolio will be deployed in the COSMOTE network as part of a smooth, fast and cost-effective transformation to 5G. Under a common approach to energy optimization, Ericsson Radio System radios and basebands will improve the carbon footprint of COSMOTE'S current network, contributing to significant energy savings.
Michael Tsamaz, OTE Group Chairman and CEO, says: 5G is the future of telecommunications and a necessary precondition for the Gigabit Society. It is the underlying technology which will be used by all the innovative applications that will change our lives in the near future. OTE Group creates the state-of-the-art infrastructure that our country and society need in the new digital era. We invest heavily to enable our customers to enjoy the innovative services and products brought by 5G. With technology and innovation, we create a better world for all.
Arun Bansal, President of Europe and Latin America, Ericsson, says: 5G is a platform that will change lives, business and society in Greece for the better. It will create opportunities for COSMOTE in industry and digital partnerships that will allow Greece to compete in technology innovation. We're leading the way in 5G in Europe and the world and we will work closely with COSMOTE to ensure that they, and their customers, benefit from this network modernization.
Ericsson currently has 86 commercial 5G agreements and contracts with unique operators, of which 39 are publicly announced 5G deals, including 27 live 5G networks on four continents.
Find out more about Ericsson 5G
Find out more about Ericsson's publicly announced 5G contracts
Find out more about Ericsson's 5G partnerships
Find out more about Ericsson 5G use case trials
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ABOUT ERICSSON:
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
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Ericsson (NASDAQ: ERIC) has been selected by Greece's largest mobile communications service provider COSMOTE as its sole 5G Radio Access Network (RAN) vendor under a major network modernization deal. 
