Telefonaktiebolaget LM Ericsson (publ) (ERIC), Monday announced a new partnership agreement to revolutionize GCI Communication Corp's core network infrastructure and accelerate its cloud-native transformation.
Under the new agreement, Ericson will provide the latest generation of cloud-core technology along with new AI tools and ways of working that address increasing network complexity inherent with evolving networks.
Additionally, GCI will augment the 5G network with a new dual-mode 5G Core in preparation for the future launch of 5G Standalone (SA) services.
In the pre-market hours, Ericsson's stock is trading at $7.41, up 1.58 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.