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Oct 15, 2025 12:00 PM

Ericsson Strikes $3 Billion Canada Deal To Power 5G, Quantum Innovation

Ericsson (NASDAQ:ERIC) shares are trading lower on Wednesday. The company disclosed a $3 billion three-year partnership with Export Development Canada (EDC).

The deal aims to expand Canadian R&D investment, strengthen local supply chains, and advance next-generation technologies, including 5G, Cloud RAN, AI, and quantum innovation.

Details

The agreement will allow Ericsson to scale its Canada-based innovation and global initiatives with backing from EDC's financial and insurance programs.

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By strengthening its Canadian supply chain and fostering collaboration with local innovators, the ...