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Ericsson to add 300 U.S. jobs as 5G demand picks up

Reuters  |  STOCKHOLM 

STOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson said on Friday it would add around 300 jobs in the United States to meet rising demand for next-generation 5G equipment.It said it is aiming to employ engineers and artificial intelligence specialists."This is part of an increase in R&D investment. It doesn't mean we are cutting (staff) somewhere else to do this," Chief Executive Borje Ekholm told Reuters. Many investors expect the Swedish company to benefit from a new cycle of network upgrades as demand for 5G gear kicks in later this year or early in 2019, starting in the United ...

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First Published: Fri, August 10 2018. 17:28 IST