Ericsson is a telecommunications equipment and services company headquartered in Stockholm, Sweden. They offer services, software and infrastructure in information communication technologies and have around a 27% market share in 2G/3G and 4G mobile network infrastructures. It's no surprise that Ericsson is heavily invested in the 5G revolution.
Ericsson provides hardware and services that help telecom providers upgrade their networks to accommodate the speed increases of 5G technology, with 81 deals signed by February 2020. Additional to the agreements Ericsson boasts, 25 of its networks are also live. In terms of 5G, Ericsson has a strong position, being the first company to deploy 5G networks across four continents, and claiming it supports the largest range of supported devices for 5G connections.
Ericsson is a profitable company, with a market cap of around $29bn. ERIC has also paid a fairly consistent dividend and noted that Covid-19 had a limited impact on its operating income and cash in the first quarter of 2020. With its strong position and fundamentals, Ericsson has the chance to be at the forefront of the 5G revolution. More information on Ericsson's share price >