Ericsson (ERIC) and BT Group (BT) have struck a new partnership focused on private 5G networks. Headquartered in Sweden, Ericsson provides telecom equipment and related services. Its main competitors are Finland’s Nokia (NOK) and China’s Huawei. Meanwhile, BT is a multinational telecom provider headquartered in Britain. According to a Reuters report, Ericsson and BT have decided to come together to build private 5G networks for businesses across Britain. A private 5G network can be deployed on a campus, factory, or port to offer a dedicated high-speed wireless connection to the facility. They have already built a private 5G network for the Belfast Harbour in Northern Ireland.
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