Saudi Telecom Company (STC) and Ericsson (NASDAQ:ERIC) have signed a deal to launch a mid-band 5G network in Saudi Arabia. The deal was announced at a signing ceremony at Mobile World Congress 2019 in Barcelona.
STC is deploying a 5G network using Ericsson commercial hardware and solutions including radio access network (RAN), packet core, transport, and Ericsson Network Manager. The network modernization - comprising latest wireless and fixed broadband technologies, boosted speed and 5G deployment - will operate on a 3.5 GHZ band.
Nasser Al Nasser, STC CEO, says: We are excited to launch one of the fastest mid-band 5G field networks in the world. We have been working in close partnership with Ericsson on 5G for tests in the lab, field trials, and now initial deployment. Throughout this process, our customers and their service requirements are our top priority. Our aim is to build a network that caters for current and future services. 5G is considered as a very important step toward digitalization and connecting everything, which supports Saudi Arabia's Vision 2030 toward economic diversification.
STC and Ericsson have a longstanding partnership to create a strategic roadmap for the evolution towards 5G technology.
Rafiah Ibrahim, Head of Ericsson Middle East and Africa, says: 5G holds an immense potential for driving industry digitization and pioneering innovation. Our collaboration with STC has enabled us to create a fast mid-band 5G field network based on real business needs, which supports STC in meeting their future customer requirements.
5G at mid and high bands is well suited for deployment at existing site grids, especially when combined with low-band LTE. Adding new frequency bands to existing deployments is a future-proof and cost-efficient way to improve performance, meet the growing needs of mobile broadband subscribers, and deliver new 5G-based services.
In addition to facilitating the delivery of next-generation mobile broadband, cloud, and providing support for massive Internet of Things (IoT) deployment, Ericsson's 5G collaboration with STC will also enable new industry use cases thanks to increased throughput and reduced latency.
Eng. Emad A. Alaoudah , Procurement and Support Services Sector VP, STC, said: STC has signed multiple Rawafed Local Content agreements under its flagship 5G Aspiration Project with Strategic Partners. These agreements will open new opportunities for the local supply market and build long term capability in the national ICT sector.
The 5G project with all partners will contribute more than SAR2bn to local industry, boost Saudization in vital next-gen technology and management positions by 50%, increase SME support by 20%, and double the direct innovation investment made by STC Strategic Partners for 5G industry development within KSA. The measures taken will ensure maximal knowledge transfer, training and development of the Saudi workforce in future 5G technologies.
STC and its Strategic Partners have agreed upon accelerating 5G use case development within the Kingdom leveraging innovation hubs and long-term sustainable innovation platforms. These plans will establish KSA as a future 5G regional center of competence.
The combined effort of the two partners aims to create significant value towards Saudi Arabia's Vision 2030, targeting both consumer and business sectors to enjoy next-generation technologies.
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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
Ericsson at Mobile World Congress 2019
Join or follow Ericsson at MWC 2019 in Barcelona from February 25 to 28 and experience the future of 5G and IoT innovation. We will present unique insights on 5G business opportunities and showcase use cases that enhance service providers' business and customer experiences. Take the opportunity to learn more about the latest trends and technology shaping the ICT industry, now and in the future. Join us live and online at www.ericsson.com/mwc
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Saudi Telecom Company (STC) and Ericsson (NASDAQ:ERIC) have signed a deal to launch a mid-band 5G network in Saudi Arabia. The deal was announced at a signing ceremony at Mobile World Congress 2019 in Barcelona.
