Ericsson unveiled its Ericsson Imagine Live 2024 roadshow in the Philippines, showcasing Ericsson’s advanced technology solutions and 5G use cases that are relevant to the Philippines as it transitions to a digital economy.
Speaking at the inaugural session of Ericsson Imagine Live, Andres Vicente, Head of Ericsson Southeast Asia, Oceania and India, highlighted the role of 5G infrastructure in accelerating the digitalization of the Philippines and ensuring its sustainable economic growth. “5G is an innovation platform for driving digital transformation of businesses and society. Ericsson research shows that on average, a 10% increase in mobile broadband adoption can increase economic growth (GDP) by up to 0.8%. At Ericsson, we look forward to partnering with the Philippines Government on its digitalization initiatives and towards building a strong digital infrastructure by the country through 5G.”
5G allows technologies such as AI, Cloud to be leveraged at scale on top of the secure, reliable, and always available 5G networks, thereby opening new possibilities for consumers and enterprises.
Digital transformation is providing extensive opportunities for creating new value, gaining competitive advantage, and enabling cost savings for enterprises. For consumers, 5G would lead to more immersive experiences, faster download speeds, smoother video streaming, and more responsive gaming. Better connectivity also translates to better healthcare through telemedicine, improved education through remote learning and better quality of life.
“More affordable 5G smartphones, a maturing 5G ecosystem, coupled with accelerated 5G deployments will serve to boost 5G adoption in the Philippines. Investments in 5G deployments will not only enhance 5G coverage but will also lead to better quality of service for consumers,” states Daniel Ode, Head of Ericsson Singapore, Philippines and Brunei. With more investments being made on 5G, over 40% of the total mobile subscriptions in the Philippines are expected to be on 5G by 2030.
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Ericsson Imagine Live: 5G Subscriptions Reached 1.9 Billion Globally
According to Ericsson Mobility Report, 5G is seeing a robust uptake worldwide, with 5G subscription having reached 1.9 billion globally at the end of Q2 2024. 5G mobile subscriptions are set to reach nearly 5.6 billion in 2029 making up 60 percent of all mobile subscriptions at that time. In the Philippines, 5G subscriptions currently stand at around 9% of the total mobile subscriptions.
Looking beyond the enhanced Mobile Broadband, there is a strong potential for Fixed Wireless Access (FWA) in the country given its challenging geography, limited infrastructure to deploy fixed broadband and more than 40% rural population. According to an Ericsson Consumer Lab Study, 1 in 3 of households in the Philippines rely on mobile connectivity (via FWA, smartphones, mobile hotspot or similar) at home, indicating a strong appetite for a 5G FWA offering. Based on the right user experience being provided for people, there will be a massive adoption and opportunity for further uptake of FWA in the Philippines.
“The time to make investments in the 5G networks in Philippines is now. 5G will serve as the critical infrastructure that will accelerate the digitalization of enterprises, transform consumer experiences and provide the country with a competitive edge when it comes to attracting foreign investments in the country,” states Andres Vicente.
Ericsson is well poised to support Communication Service Providers in the Philippines to seamlessly transition to 5G given its technology leadership and global deployment experience. Today, around 320 5G networks are in commercial service globally and Ericsson is leading the market, powering 166 live 5G networks to date across 5 continents.
Ericsson is at the forefront of 5G around the world and is recognized as an industry leader by the Frost Radar Global 5G Network Infrastructure Market report. Maintaining top ranking in the Frost Radar report over the past years has shown that Ericsson’s Investments in R&D and across a wide product portfolio – which includes all areas of 5G network infrastructure as well as previous generations of network infrastructure – is valued in a market where technology is consistently evolving.
With its presence of more than 36 years in the Philippines, Ericsson remains committed to supporting government’s digital agenda and enabling its customers, the communication service providers, to capture thee value of 5G.
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