ERICSSON 5G

Promoter – Financial Intermediary

TELEFONAKTIEBOLAGET LM ERICSSON

Location

• Sweden
• Ireland
• Spain
• EU Countries

Description

The project concerns the Research, Development and Innovation (RDI) investments by the promoter for the development of the fifth generation of mobile telecommunications systems (5G). It includes the development of hardware and software for the Radio Access Network (RAN), the core network, advanced analytics and data exposure functions to enable autonomous networks and an ecosystem in 5G.

Objectives

The financing will support Ericsson's Research and Development (R&D) activities in Europe to further develop 5G, mobile technology and definition of standards. Mobile networks are evolving to deliver superior mobile broadband and communication services with increased data rates, improved coverage, availability and quality that will open-up for new services and business opportunities across a broad range of industries in Europe and globally.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 500 million

Total cost (Approximate amount)

EUR 1451 million

Environmental aspects

The RDI activities included in the project will concern mainly software and hardware development and are expected to be performed in existing premises, so no particular negative impact on the environment is expected. An Environmental Impact Assessment (EIA) is therefore not needed as per EIA Directive 2014/52/EU amending Directive 2011/92/EU. The full environmental details will however be investigated by the Bank's services during the project due diligence.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

Status

Signed - 31/05/2018