DOHA, Qatar, November 25, 2015 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) and Ooredoo Group have signed a Memorandum of Understanding (MoU) for 5G development with the ambition of developing use cases, requirements and deployment scenarios for 5G technologies.
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The MoU was signed by Ahmed Yousef Al-Derbesti, COO of Ooredoo Group and Jan Wareby, Senior Vice President Head of Sales of Ericsson, in the company of top senior executives from both companies at Ericsson's headquarters in Sweden.
In line with the collaboration, Ooredoo and Ericsson will evaluate both the performance and applicability of potential key 5G components in a controlled test environment.
H.E. Sheikh Saud Bin Nasser Al Thani, Group CEO, Ooredoo, says: "Ooredoo is striving to support our customers' activities in an increasingly digital, connected world and we are determined to be at the cutting-edge of network technologies. We're pleased to partner on developing next generation technologies with Ericsson, a trusted partner and a major supplier for Radio Access, Core, Transmission, OSS and BSS. We look forward to working towards developing 5G technologies together."
Jan Wareby, Senior Vice President Head of Sales of Ericsson, says: "At Ericsson, we are looking forward to our joint exploration of the possibilities and opportunities that 5G technologies will enable. We believe that next generation networks will have a profound impact in the future by enabling anything and everything to connect, bringing value across a number of verticals in the Networked Society. Our continued collaboration with the Ooredoo Group is an indication of our staunch commitment to continue working with them across the technology spectrum."
5G is the next chapter of telecom networks designed to meet ever advancing and increasingly complex sets of performance requirements. It represents a new way of thinking in the approach to generational changes in mobile technology. 5G will encompass an evolution of today's LTE technology and the addition of new radio access technologies, often in higher frequencies. 5G will impact the entire mobile network and associated eco-system, from devices to radio access, IP core and into the cloud.
About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people's lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named "Most Innovative Company of the Year - MEA Region" at the 2015 International Business Awards.
The company reported revenues of US$ 9.1 billion in 2014 and had a consolidated global customer base of 114.9 million customers as of 30 September 2015. Ooredoo's shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
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About Ericsson
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Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.
With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.
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