Far EasTone Inks New MoU with Ericsson to Expand 5G Partnership
- The agreement focuses on the network for the future and will expand on the existing 5G partnership between both companies to support Far EasTone to drive Taiwanese digitalization.
- The initiative will include construction of a new joint AI lab and expansion of existing 5G Lab capabilities to evaluate on network evolution strategies and to continue building a network of the future.
- FET will join the Ericsson Startup 5G program to evaluate potential partners and use cases for 5G monetization.
Ericsson (NASDAQ: ERIC) and Taiwanese leading operator Far EasTone (FET) announced today both companies have signed a memorandum of understanding (MoU) to expand the long-term partnership from network technology evolution to business partnership, to cultivate 5G new economy and an ecosystem.
The partnership will focus on cementing Taiwan’s positioning at the forefront of the digital economy and driving 5G monetization opportunities. As part of the agreement, Ericsson will support the expansion of FET’s 5G Lab to conduct new advanced technology trials and demonstrations, such as 5G network slicing, edge computing, private networks, fixed wireless access and Network exposure functions. FET and Ericsson will leverage 5G Lab as an innovation platform for network evolution, catering for future network demands.
A joint AI Lab for network automation performance and efficiency trials will also be constructed. In addition, FET is set to take part in the Ericsson Startup 5G program, which introduces operators to technology innovation partners to develop next-generation 5G consumer use cases. FET will be able to tap into Ericsson’s ConsumerLab research and analytical data, as well as gain exclusive access to a worldwide network of 5G startups.
Chee Ching, President of Far EasTone, says: “Far EasTone is pushing forward with 5G deployment to enable more applications with Big Data, AI, IoT technologies, through collaboration with partners in the ecosystem. Far EasTone and Ericsson have formed strong partnership over the years as we have worked through generations of Mobile technologies together, and the recent FET’s winning #1 5G Network performance in Taiwan simply demonstrated such a great teamwork. “
“With this MoU, I look forward to more collaboration and synergy between the two companies. With Ericsson’s continuous R&D focus to advance telecommunication technologies, and Far EasTone’s spearheading the efforts to identify problems and scenarios where 5G enabled smart solutions can help, I believe together we can offer not only a robust and premium 5G network, but also many innovative services for consumers and enabling smart solutions that will help various industries transform,” adds Chee Ching.
Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: “Far EasTone has been an important partner to Ericsson for many years. Together, we have deployed the fastest network in Taiwan, and with this MoU, we are taking steps to further extend our collaboration for accelerated success in 5G and develop the network of the future.”
Chafic Nassif, President of Ericsson Taiwan, says: “We are thrilled to strengthen our partnership with Far EasTone and evolve our collaboration beyond network solutions. Our joint focus and passion to solve real challenges for our society and deliver innovative applications that help our communities, marks the depth of our common values and vision for the future. We believe with Ericsson’s global expertise in mobile technology and unique approach to leveraging start-up ecosystems combined with FET’s leading edge in local networks, will help us execute speedily towards achieving that common vision.”
The new MoU will build on the successful partnership between Ericsson and FET— which has spanned commercial 5G, standalone (SA) and non-standalone (NSA) 5G, dual-mode 5G core solutions, and voice over LTE (VoLTE) services — by extending beyond a solely technology focus to include a greater business partnership and advisory component, supporting FET’s main focus areas of big data, AI, and IoT.
Related links:
Far EasTone selects Ericsson for 5G
Far EasTone Taiwan expands exclusive Ericsson 5G partnership
Far EasTone and Ericsson deliver the fastest 5G experience in Taiwan
ABOUT ERICSSON:
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
About Far EasTone:
Far EasTone Telecommunications (FET) is a leading company in Taiwan which provides telecommunications and digital application services. Since its establishment in 1997, FET has strived to close the gap between people to achieve the objective of “Closing the distance”. As the 5G era approaches, FET has set its sights beyond telecommunications and has reinterpreted the brand statement in 2019, setting a new milestone with " For Every Thought, We Go Further". FET’s aim is, through Big Data, AI, IoT and other digital applications, to not only bring people closer together in mind, also to reduce the gap between people and new technology. For more information please go to: https://www.fetnet.net/
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