Ericsson awarded reduced market share by China Mobile
· Ericsson share for China Mobile CP for 700MHz radio award is 2% · Decision reflects earlier market guidance in connection with global risk factorsFollowing a review of bids in the CP for 700MHz radio round of China’s 5G network development, Ericsson has been awarded 2% market share. In line with earlier market guidance to investors, this is materially lower than the market share previously awarded to the company in the 2.6GHz CP2 (11%). China Mobile is the first operator to award under the latest round of CP’s for 5G radio. Given the context and based on the bidding rules, should