Ericsson wins Greenland 5G deal

Greenland, an island of just 56,000 people, is part of the Kingdom of Denmark but has broad autonomy

OSLO (Reuters) - Swedish telecom equipment maker Ericsson (ERICb.ST) has been contracted to build a 5G network in Greenland, initially covering three towns, local phone company Tusass said on Friday.

Deploying Ericsson equipment and Netgear (NTGR.O) routers, Tusass will bring high-speed wireless internet to the sparsely populated island without resorting to expensive and hard-to-deploy cables, the company said.

A further 10 towns, including Greenland’s capital Nuuk, are set to follow next.

Tusass said it plans to invest around 1 billion Danish crowns ($131.3 million) to secure and expand Greenland’s infrastructure and improve communication.

Greenland, an island of just 56,000 people, is part of the Kingdom of Denmark but has broad autonomy.