Swedish telecoms equipment maker Ericsson plans to invest 1 billion reais ($238....
SAO PAULO - Swedish telecoms equipment maker Ericsson plans to invest 1 billion reais in Brazil to add a new assembly line dedicated to 5th generation technology for its Latin American operations, an executive told Reuters on Monday.
“We already export 40% of all equipment assembled in Brazil to Latin American countries, and it will be no different with 5G,” said Eduardo Ricotta, president of Ericsson Latam South, in a phone interview after meeting with President Jair Bolsonaro. “We expect this new assembly line to be operating as of the third-quarter of 2020, but the schedule will also depend on the 5G auction,” he said.
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