With its promise to provide low latency and high data speeds, 5G can introduce a multitude of new applications for businesses and drive revenue from the sector. However, the ongoing discussions about cybersecurity risks, specifically those involving Huawei, is leading to uncertainty and a general slowdown in the market.
Because so much more could be connected via 5G networks, security inevitably would come up as a frequent topic, said Ericsson Group’s president and CEO Borje Ekholm, who was in Singapore to offer an update on the Swedish company’s 5G business.