STOCK TITAN

MSB strengthens Sweden's national critical network with 5G from Ericsson

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Ericsson's 5G technology plays a crucial role in Sweden's mission-critical network infrastructure with the development of Rakel G2. The new 5G core network will enhance collaboration among first responders and national defense organizations by providing secure and fast communication channels for voice, data, images, and video. Implementation of the network begins in 2024.
Positive
  • None.
Negative
  • None.

Insights

The deployment of Ericsson's 5G core network as part of Sweden's Rakel G2 initiative represents a significant advancement in public safety and emergency services communications infrastructure. The introduction of 5G technology in this context is pivotal, as it promises to enhance the interoperability and efficiency of mission-critical networks.

5G's low latency and high bandwidth capabilities enable the real-time sharing of large amounts of data, which is vital for situational awareness during emergencies. This technology also supports a larger number of simultaneously connected devices than previous generations, which is crucial in scenarios where communication among multiple agencies is necessary. The robustness and modernization of such a network could notably improve the response times and operational coordination during crises, potentially saving lives.

The strategic importance of a dedicated communications system such as Rakel G2 for Sweden's national defense and public safety cannot be overstated. In an era of increasing cyber threats and the need for secure communications, the dual-mode 5G Core network will provide a secure channel for sensitive information exchange. It is designed to prevent unauthorized access and ensure data integrity, which is essential for maintaining national security.

The investment in a dedicated network also reflects a broader trend among nations to prioritize secure communications for public safety. It underscores the need for countries to have resilient infrastructure that can withstand not only natural disasters but also potential cyber-attacks and other man-made crises.

From a financial perspective, Ericsson's involvement in the Rakel G2 project is likely to have positive implications for the company's revenue streams and market position. As governments around the world recognize the necessity of upgrading their communications infrastructure, companies like Ericsson that are at the forefront of 5G technology stand to benefit from increased demand.

Ericsson's stock (NASDAQ: ERIC) could see an impact as the market responds to this significant contract and the potential for future deals of a similar nature. However, investors should consider the capital expenditures associated with such large-scale projects and the company's ability to deliver on its technological promises within the stipulated timelines.

  • Ericsson 5G technology crucial part of Sweden's next-generation mission-critical network infrastructure, Rakel G2       
  • New 5G core network will ensure fast and secure sharing of voice, data, images, and video      
  • Implementation starts 2024

STOCKHOLM, Feb. 13, 2024 /PRNewswire/ -- The Swedish Civil Contingencies Agency (MSB) has procured a 5G core network from Ericsson (NASDAQ: ERIC) to develop Rakel G2, Sweden's critical communications network for public safety and emergency services including national defense purposes.

Police, fire brigades, emergency medical services and military organizations will be able to collaborate more effectively with enhanced situational awareness, provided by secure and fast means of sharing voice, data, images, and video.

Having a secure, accessible, and resilient communications network is crucial for first responders and their organizations helping to prevent and prepare for crises and emergencies - and to operate available resources when they occur. The ability to securely communicate with guaranteed high quality in such emergency situations - particularly when multiple stakeholder agencies are involved - could be a crucial factor in saving lives.

Ronny Harpe, Director, Rakel, and Command Operating Systems, MSB, says: "A prerequisite for cooperation within our national defense is access to a robust, modern, dedicated communications system. An investment in such a system not only strengthens Sweden's ability to collaborate and lead mission critical operations on an everyday basis, but also during potential large-scale crisis."

MSB's new dual-mode 5G Core network from Ericsson will be a crucial part of Sweden's next-generation Public Protection and Disaster Relief (PPDR) mission-critical mobile network, designated Rakel G2.

Jenny Lindqvist, Head of Market Area Europe & Latin America, Ericsson, says: "By providing Ericsson's latest 5G core technology, we are supporting MSB's mission to strengthen Sweden's national critical network. 5G is the most versatile and capable technology available to meet such demanding requirements for secure and effective communications through voice, data, images, and video."

Ericsson's 5G core network will initially complement MSB's existing national radio communications system Rakel, based on the Tetra standard. Rakel is used by more than 650 organizations spanning a range of authorities, including police, customs, military defense, coast guard, rescue services and medical healthcare.

The implementation of the new core network starts in 2024.

For more information about Ericsson's offering to government customers, please visit Ericsson Mission Critical Communications.

FOLLOW US:

Subscribe to Ericsson press releases here
Subscribe to Ericsson blog posts here
https://twitter.com/ericsson
https://www.facebook.com/ericsson
https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

 

The following files are available for download:

https://mb.cision.com/Main/15448/3927017/2597969.pdf

MSB strengthens Sweden’s national critical network with 5G from Ericsson

 

Cision View original content:https://www.prnewswire.com/news-releases/msb-strengthens-swedens-national-critical-network-with-5g-from-ericsson-302060379.html

SOURCE Ericsson

FAQ

What technology is Ericsson providing for Sweden's mission-critical network infrastructure?

Ericsson is providing a 5G core network for the development of Rakel G2, Sweden's critical communications network.

When will the implementation of the new core network start?

The implementation of the new core network is scheduled to start in 2024.

Who has procured the 5G core network from Ericsson?

The Swedish Civil Contingencies Agency (MSB) has procured the 5G core network from Ericsson for Rakel G2.

What is the significance of the new 5G core network for Sweden's national defense?

The new 5G core network will be a crucial part of Sweden's next-generation Public Protection and Disaster Relief (PPDR) mission-critical mobile network, Rakel G2, enhancing communication capabilities for national defense purposes.

Ericsson American Depositary Shares

NASDAQ:ERIC

ERIC Rankings

ERIC Latest News

ERIC Stock Data

26.51B
3.09B
12.4%
0.8%
Communication Equipment
Technology
Link
United States of America
Stockholm