Politicians need to act now

Politicians must guarantee Sweden’s research competitiveness, otherwise Huwaei’s R&D in the country is at risk, warns Kenneth Fredriksen, the CEO of the Swedish unit of the global ICT solutions provider. Stockholm risks dropping out of the list of the world’s best digital cities within five years if politicians are unable to guarantee universities of excellence, housing and efficient infrastructure.

Fredriksen believes 5G will fuel economic growth as the technology can resolve dilemmas such as the environment and transport but society must invest. However, he, like many others, does not envisage any real growth in the telecoms sector in the next few years. Nevertheless, he believes 5G will create 50-100 billion new connections within a decade, which will fuel growth in one way or another.