5G Adoption Immune to Effects of Inflation: Ericsson

Ericsson projects 510 million mobile subscribers worldwide will upgrade to 5G next year. “Despite spiraling inflation, elevated food and energy costs, and rising interest rates during 2022, consumers globally are still planning to upgrade to 5G,” said the report last week. Consumers report they would cut spending on pay TV, video on demand, music and sports streaming subscriptions before mobile wireless, the report said: “Despite global economic uncertainty, 5G users value reliable connectivity and the majority of existing 5G users are unwilling to return to 4G.” Ericsson said it interviewed online 49,100 consumers in 37 markets.