Swedish telecommunications company Ericsson and American technology company Intel have signed a memorandum of understanding (MoU) to collaborate on the development of 5G use cases that can accelerate digitalization in Malaysia as well as spur the adoption of the new technology by enterprises in Malaysia.

Ericsson said in a statement on Monday that the firm and Intel will collaborate on their respective technology expertise to show how communications service providers (CSPs) can accelerate 5G adoption and expand their business-to-business (B2B) engagements based on 5G use-cases.

Amongst the areas identified for collaboration are the joint development of enterprise use cases in selected verticals such as manufacturing, transport and logistics.

In addition, it involves working on the benefits of digitalization for emerging economies and the role 5G connectivity can play in building sustainable and resilient digital economies.

“5G is a platform for innovation and will transform the way enterprises operate,

“Ericsson’s collaboration with Intel in Malaysia will contribute to the adoption of 5G and development of the local ecosystem that will in turn drive Malaysia’s digital transformation,” said Head of Ericsson Malaysia, Sri Lanka and Bangladesh David Hägerbro.

According to Hägerbro, this collaboration will also ensure Malaysia has a distinct advantage compared to other markets in the region when it comes to foreign investment.

“With the increasing digitalization of our society and economy, 5G is becoming a fundamental component to drive innovation across all business segments,

“This collaboration demonstrates how the Malaysian 5G infrastructure with innovative edge services – powered by Ericsson and Intel technologies – enables local enterprises to transform and accelerate their businesses through digital solutions,” said Intel Malaysia Managing Director AK Chong.

Ericsson is a Swedish multinational networking and telecommunications company headquartered in Stockholm.

The company’s portfolio spans the following business areas: networks, cloud software and services, enterprise wireless solutions, global communications platform, and technologies and new businesses.

It is designed to help its customers go digital, increase efficiency and find new revenue streams.

Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.

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