CEO of Europe’s biggest telecom company’s ‘big warning’ to lawmakers

Ericsson, Europe’s leading telecom equipment company, considers moving its headquarters to the US due to Europe’s struggling telecom market. CEO Borje Ekholm highlighted Europe’s lagging 5G adoption and urged for consolidation and deregulation. He also noted the ineffectiveness of US sanctions on Huawei, while emphasizing Ericsson’s focus on R&D and open RAN to compete.