Swedish telecoms equipment maker Ericsson announced plans to invest 1 billion reais ($238.3 million) to install a new assembly line for 5G in Brazil, Reuters reported, citing a company executive.
According to the report, the future production line will manufacture 5G kits for Ericsson’s Latin American operations.
“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.
This investment decision by Ericsson will boost competition with rival vendors Nokia and Huawei which already have factories in Sao Paulo and are also paving the way to compete in the 5G space in Brazil.
