Ericsson signs $3B pact with Export Development Canada

Ericsson (ERIC) announced the signing of a $3B partnership agreement with Export Development Canada to expand investment in Canadian research and development, deepen domestic supply chains, and accelerate next-generation technologies including 5G, Cloud RAN, AI, and quantum innovation. The three-year partnership will enable Ericsson to expand its Canadian-led innovation and global projects with the support of financial and insurance solutions from EDC. By reinforcing Ericsson’s Canadian supply chain and connecting the company with innovative domestic businesses, the agreement will also amplify Ericsson’s ability to bring Canadian technology to the world.