What Investors Should Know About Google's Latest 5G Deal
Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google recently partnered with Ericsson (NASDAQ: ERIC) to develop new 5G and edge cloud solutions for telecom companies and enterprise customers.
Google already provides cloud services to Ericsson, one of the world's top telecommunications equipment providers, but the new partnership will expand that relationship with the co-development of new services at Ericsson's D-15 Labs in Silicon Valley, as well as a pilot program for edge enterprise applications with Telecom Italia.
These projects could help Google and Ericsson keep pace with their bigger rivals in their respective markets. Google ranks third in the cloud infrastructure market after Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT), according to Canalys, while Ericsson and Nokia (NYSE: NOK) are roughly tied for second place in the telecom equipment market behind Huawei, according to Dell'Oro Group.
Source Fool.com
